Published August 4, 2021, 5:25 PM
The local stock market rose for the third day with investor sentiment boosted by positive corporate earnings reports.
The main index gained 25.15 points or 0.38 percent to close at 6,585.21 as the Services sector led the advance while the Property counter was the only one in the red.
Volume was relatively stable at 1.1 billion shares worth P4.64 billion as gainers beat losers 115 to 73 with 46 unchanged.
“Philippine shares traded slightly up after the new string of positive corporate earnings results overshadowed investor concerns over the coronavirus and Chinese regulatory action against technology stocks,” said Regina Capital Development Corporation Managing Director Luis Limlingan.
Stocks further gain in thin trades – Manila Bulletin
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Stocks bounce back in late trades
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Published July 30, 2021, 5:22 PM
The local stock market plunged after the government announced a hard lockdown just a few days after saying it is not necessary.
The main index fell 226.30 points or 3.48 percent to close at 6,273.23 with the Property and Holding Firms counters suffering the biggest losses.
Volume improved to 1.81 billion shares worth P6.27 billion as losers dominated at 159 against 47 gainers and 42 unchanged.
“Investors sold off to close the weekend and the month to clean their portfolios ahead of the ghost month of August, while others kept to cash to assess the impact of reverting back to ECQ after a week,” said Regina Capital Development Corporation Managing Director Luis Limlingan.