Published June 9, 2021, 4:41 PM
The Philippine stock market rose as investors returned to the market with the start of vaccination for essential workers whle recent economic data was not as bad as expected.
The main index jumped 92.82 points or 1.36 percent to close at 6,902.54 as share prices rose across the board led by the strength of the Property sector.
Volume was higher at 2.02 billion shares worth P7.58 billion as gainers were more than double the number of losers at 138 to 61 with 52 unchanged.
“Local shares traded closer to the 7,000 level as investors returned back to the Philippines, while remaining on a wait-and-see mode ahead of the release of the U.S. inflation data,” said Regina Capital Development Corporation Managing Director Luis Limlingan.
Local share prices rallied due to favorable developments at home and overseas.
The PSEi surged 214.26 points or 3.23 percent to close at 6,841.69 as share prices rose across the board with the Property and Holding Firms counters leading the charge.
A hefty 1.9 billion shares worth P9.51 billio
Published May 19, 2021, 4:09 PM
The local stock market ended flat on late buying after investors picked up shares sold down earlier in the session.
The main index inched up 0.97 points or 0.03 percent to close at 6,245.71 with only the Industrial sector advancing while the Financials counter held its ground.
Volume dropped to 1.56 billion shares worth P4.83 billion as gainers beat losers 115 to 82 with 47 steady.
“It was another quiet trading session in the Philippines after another bout of earnings results from major US retailers slightly cooled fears of high inflation,” said Regina Capital Development Corporation Managing Director Luis Limlingan.
He added that “Others remained on the sidelines after the media reported that the U.S. and Iran restarted talks on a deal that will restrict the latter’s nuclear weapons development. Investors also are still monitoring the progress of the covid vaccinations.“
Ethereum breaks $4,000 to hit record high
Jumped more than 6% to just below $4,175, and was last up around 2%
Reuters
May 11, 2021
WASHINGTON:
Cryptocurrency ethereum broke $4,000 for the first time on Monday, climbing to a new peak for a third day in a row on bets it may find new uses, although some analysts said it was overvalued at current levels.
Ethereum, the second-largest coin by market capitalisation, jumped more than 6% to just below $4,175, and was last up around 2%.
It has soared this year, fuelled by expectations of wider use, based in part on its role in decentralised finance - “DeFi” - platforms that facilitate crypto-denominated lending outside traditional banking.
Published May 11, 2021, 4:38 PM
The local stock market managed to hold its ground despite news that the Philippine economy’s performance was worse than expected.
The Philippine Stock Exchange index (PSEi) inched up 9.42 points or 0.15 percent to close at 6,326.83 as sectoral indices were evenly mixed.
Photo credit: PSE Information Desk
Volume remained anemic at 9.95 billion shares worth P4.64 billion as losers beat gainers 122 to 82 with 43 steady.
“Philippine shares closed in the green despite the lower than expected first quarter GDP print as investors focused on the rebalancing of the MSCI, and more earnings releases,” said Regina Capital Development Corporation Managing Director Luis Limlingan.