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Local shares up, peso moves sideways

Local shares up, peso moves sideways
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Stock market outlook December 18-22

Last week Share prices surged last week, with the main index rising by 4 percent, as the bulls went on a buying spree, following the dovish remarks by central banks. The benchmark Philippine Stock Exchange index gained 243.67 points to close at 6,478.44 points, its key resistance level.   “A seemingly…

Stock-Market Outlook | VG Cabuag

Last week Share prices fell for the second straight week as investors continued to pocket their gains despite the steady inflation print for November. The benchmark Philippine Stock Exchange index shed 10.41 points to close at 6,234.77 points. The main index recorded the biggest loss during the four-day trading week…

Stock-Market Outlook | VG Cabuag

Last week Share prices fell last week, breaking the main index’s month-long winning streak, as investors cashed in on their gains even during the window-dressing period at the end of November. The benchmark Philippine Stock Exchange index fell 24.32 points, to end the four-day trading week at 6,245.18 points. “On…

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