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Stocks rise as investors wait for economic data

The local stock market started the short trading week in the green as investors are upbeat about corporate earnings and coming economic data. The main index rose 52.81 points or 0.86 percent to close at 6,206.24 as sectoral indices were evenly mixed with the Property sector posting a strong gain w

Stocks drop on profit-taking

The local stock market weakened as investors pocketed gains ahead of a long weekend. The main index dropped 77.15 points or 1.24 percent to close at 6,153.43 as the Property index led the retreat while Banks bucked the trend and remained in the green. Volume declined to 421 million shares worth P4

Stocks jump on lower budget deficit

The Philippine Stock Exchange index (PSEi) jumped above the 6,200-level as investors bought up stocks after the government reported a lower budget deficit. The main index rose 109.05 points or 1.78 percent to close at 6,239.58 as Conglomerates led the charge with only the Property sector retreatin

Stocks rise as US bond yields ease

The local stock market continued to trek higher as investor sentiment is getting a boost from encouraging corporate earnings and US lower treasury yields. The main index climbed 48.12 points or 0.79 percent to close at 6,121.53 as the Services sector led the advance while Banks and Mining firms de

Stocks up following US gains

The local stock market firmed up some more following gains in US bourses overnight. The main index added 44.62 points or 0.74 percent to close at 6,073.41 with Banks leading the advance although the Services and Mining counters retreated. Volume improved but remained thin at 306 million shares wor

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