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Stock-Market Outlook | VG Cabuag

Last week Share prices resumed its upward trend last week, as the United States Federal Reserve kept its rates steady. The benchmark Philippine Stock Exchange index (PSEi) gained 59.65 points to end at 6,881.97 points. “The Fed’s status quo move boosted another round of global buying this week, but supply…

STOCK-MARKET OUTLOOK • VG Cabuag

Last week SHARE prices plunged last week as the main index lost 2 percent, amid ongoing geopolitical tensions in the Middle East and macro-economic headwinds. The main index gave up 123.44 points to close at 6,142.90. “From a technical standpoint, it is noticed that the market is having a hard time getting past its 50-day

Millennium Global updates foreign ownership to 40%

Millennium Global updates foreign ownership to 40%

Index falls anew on concerns over vaccine rollout

Index falls anew on concerns over vaccine rollout Iris Gonzales © STAR/ File Index falls anew on concerns over vaccine rollout MANILA, Philippines The local stock market pared its losses, but stayed in negative territory yesterday as concerns over the slow rollout of the COVID-19 vaccine weighed down investor sentiment. The benchmark Philippine Stock Exchange index (PSEi) closed at 7,242.85, down 15.26 points or 0.21 percent. The broader All Shares index also slipped, declining by 2.83 points or 0.06 percent to end at 4,334.93. Among the subsectors, only mining and oil and financials  finished higher, with the rest closing in the red. A total of P9.173 billion worth of shares changed hands yesterday, with advancers trumping losers, 131 to 105,  while 37 issues were unchanged.

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