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Local share prices weakened further as investors worry over the new strain of the coronavirus that is causing a spike in COVID-19 cases. The main index dropped 86.33 points or 1.21 percent to close at 7,047.85 as all sectors lost ground.
Volume remained high at 22.68 billion shares worth P11.91 b
Published December 29, 2020, 4:33 PM
The local stock market Tuesday posted a small gain on its last trading day for 2020 on the back of positive developments here and abroad.
The Philippine Stock Exchange index (PSE) rose 17.46 points, or 0.25 percent, to close at 7,139.71 with only the Property and Services counters in the red.
PSE file photo (Photo credit: https://www.pse.com.ph)
Volume rose to 95.98 billion shares worth P11.11 billion although losers edged out gainers 122 to 119 with 36 unchanged.
“Philippine shares ended the year on a positive note with some window dressing along with news that the US President signed a fiscal relief bill over the weekend,” said Regina Capital Development Corporation Managing Director Luis Limlingan.
Published December 28, 2020, 4:42 PM
The local stock market dropped yesterday due to concern over the new strain of COVID-19 which may trigger the reimposition of more stringent quarantine measures.
The Philippine Stock Exchange index (PSEI) lost 82.13 points, or 1.14 percent, to close at 7,122.25 as all sectors retreated.
Photo credit: (https://www.pse.com.ph/)
A total of 60.55 billion shares worth P8.14 billion changed hands as losers beat gainers 175 to 62 with 34 unchanged.
“The PSEi continued lower today as we saw some panic selling due to the anticipation of tighter lockdown restrictions,” said AAA Equities Head of Research Chris Mangun.
Regina Capital Development Corporation Managing Director Luis Limlingan said “Local shares closed lower as investors monitored the latest developments on the congressional aid package.”
Published December 23, 2020, 3:06 PM
The local bourse ended the trading week almost flat as investors have started their Christmas celebrations.
Traders work beneath an electronic ticker on the trading floor of the Philippine Stock Exchange in Bonifacio Global City (BGC) Metro Manila, the Philippines. (Bloomberg FILE PHOTO)
The main index eked out a 1.99 point or 0.03 percent gain to close at 7,204.38 with only the Property and Holding Firms counters in the red.
Volume fell to 29.39 billion shares worth P6.94 billion with gainers beating losers 138 to 90 with 43 unchanged.
“Local shares closed higher ahead of the long holidays as investors window dressed on certain names in the index,” said Regina Capital Development Corporation Managing Director Luis Limlingan.