Published June 14, 2021, 4:31 PM
The local stock market started the week almost flat as investors wait to see if the government will further ease quarantine restrictions in the nation’s capital.
The main index inched up 9.70 points or 0.14 percent to close at 6,917.49 although sectoral indices were evenly mixed with banks leading the advance while the Mining and Oil counter retreated the most.
Volume improved to 3.93 billion shares worth P6.32 billion as gainers outpaced losers 117 to 91 with 54 unchanged.
“Philippine shares eked out slight gains as bond yields fell despite data showing US inflation running hot,” said Regina Capital Development Corporation Managing Director Luis Limlingan.
Philippine shares ended the week higher and breached the 6,900 resistance level as investors become cautiously optimistic. The main index rose 32.08 points or 0.47 percent to close at 6,907.79 as the Financials sector led the advance while only the Mining and Oil counter retreated. Volume improved
The local stock market ended slightly lower as the PSEi has hit its resistance level.
The main index shed 3.74 points or 0.05 percent to close at 6,898.80 although only the Financials and Property counters retreated while the Services sector led advancers.
Volume fell to 3.06 billion shares wo
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.
The local stock market barely moved Friday, (June 4) after the government’s announcement of the inflation rate for the month of May. The main index inched up 4.47 points or 0.07 percent to close at 6,796.34 as sectoral indices were evenly mixed with Banks leading advancers and Mining stock dropping