Stocks rebound on Fed plan to buy firms’ bonds
LOCAL SHARES closed higher on Tuesday, joining a region-wide climb, after the US Federal Reserve announced plans to help corporations amid the coronavirus disease 2019 (COVID-19) pandemic.
PSEi down by almost 5% on second wave fears
THE MAIN INDEX plummeted on Monday on increasing worries over a second wave of coronavirus disease 2019 (COVID-19) cases across the world.
Shares likely to decline as momentum runs out
THE LOCAL MARKET may continue to be full of profit takers this week as the main index undergoes correction and investor optimism starts to wane.
Shares end higher as blue chips drive rebound
LOCAL SHARES ended the trading week with gains as some blue chips lifted the main index following profit taking earlier in the day.
PSEi declines anew on profit taking, lack of leads
LOCAL SHARES failed to keep their momentum on Wednesday as profit takers swarmed the market due to the lack of a strong catalyst.
Shares extend gains amid volatile trading session
THE MAIN INDEX closed with gains on Tuesday amid a volatile trading session that saw it falling by as much as 76 points.
Drop in US unemployment lifts Philippine stocks
LOCAL SHARES bounced back on Monday as investors reacted to the unexpected rise in jobs in the United States in May.
Stocks to extend climb on positive sentiment
LOCAL SHARES are seen to extend their climb this week as businesses continue to reopen due to the relaxed quarantine.
PSEi climbs past 6,500 as virus concerns ease
LOCAL SHARES continued to surge on Thursday as the main index hit the 6,500 mark, marking the market’s best finish since pre-lockdown days.
Stocks rise further on hopes of economic rebound
THE benchmark Philippine Stock Exchange index (PSEi) maintained its surge on Wednesday as bullish investors pulled the market up on confidence over the country’s economic rebound.
PSEi back at 6,000 level on positive sentiment
THE MAIN INDEX returned to the 6,000 level on Tuesday as investors sustained their optimism over the Philippine economy’s revival.
Shares climb on first day of relaxed quarantine
PHILIPPINE SHARES sustained their upward momentum on Monday as Metro Manila embarked on the first day of a relaxed lockdown.