The local stock market started the week on a positive note as investors continue to pick up bargains.
The main index rose 65.58 points or 1.11 percent to close at 5,970.33 as Conglomerates and Property firms led the advance while Banks and Industrials retreated. Volume grew to 541 million shares w
The local stock market is seen to be weighed down by expectations of more interest rate hikes by the US Federal Reserve, with the Bangko Sentral expected to follow, after the US reported high inflation for September.
“Next week, the local market is still expected to move with a downward bias amid
The PSEi lost most of its gains for the day but still managed to close in the green as US bourses advance despite higher-than-expected inflation.
The main index added 9.11 points or 0.16 percent to close at 5,904.75 as the Property sector led the advance although Conglomerates and the Services sec
PSEi up on blue-chip gains
The local stock market moved up as investors bought up some blue chips while waiting for cues from the US.
The main index added 42.01 points or 0.72 percent to close at 5,895.64 as the Services sector led the advance while the Mining and Oil counter lagged behind. Volu
The local stock market continued to trade sideways as investors wait for more news from the US.
The main index inched up 6.6 points or 0.11 percent to close at 5,853.63 with sectoral indices mixed and little changed. Volume declined to 1.27 billion shares worth P3.7 billion as losers edged out gai