PSE index sinks to 7,600 level on US-China talks
PHILIPPINE SHARES joined their regional peers in an upsetting trading close on Wednesday as investors reacted to news that US tariffs on Chinese goods will remain despite the signing of the phase one trade deal.
PSEi picks up on bargain hunting as trade resumes
LOCAL SHARES opened the trading week slightly higher as bargain hunters emerged upon the resumption of business operations in the country on Tuesday.
PHL stocks to take cues from US-China trade talks
THE RESUMPTION of trading today is seen to take cues from the slated signing of the US-China phase one deal tomorrow, as investors around the world keep a close watch on any development between the two countries’ attempt to end their two-year trade war.
Shares to rise on signing of US-China trade deal
THE MAIN INDEX is seen to be buoyed by global events in the coming week as eyes are focused on the scheduled signing of the Sino-US trade deal on Wednesday.
Stocks close lower as investors await US-China trade deal
THE main index ended lower at the close of the week as investors decided to hold off in anticipation of the signing of the trade pact between United States and China next week.
PHL shares end higher as US-Iran tensions ease
LOCAL SHARES kept fluctuating on Thursday, bouncing back to record a gain yesterday as investor concerns on the US-Iran friction eased.
Main index drops as US-Iran tensions escalate
THE MAIN INDEX returned to red territory on Wednesday after investors shied away from the market due to increasing tensions between the United States and Iran.
Stocks recover on Duterte’s offer to water firms
STOCKS recovered on Tuesday amid favorable developments in the local scene, and investors shrugging off the December 2019 inflation data, which was the fastest since June 2019.
Local shares decline on geopolitical tensions
SHARES failed to sustain their gains on Monday as geopolitical issues caused investors to be more cautious.
Local stocks post year’s first rise
THE Philippines’ main index showed its first climb after three days on Friday as investors took cues on the mild improvement in the Philippines’ factory output for December.
Index declines on outflows due to China RRR cut
PHILIPPINE STOCKS tanked on the first day of trading for 2020 as money flew to China following its central bank’s decision to reduce banks’ reserve requirement ratio (RRR) and as uncertainty continues to hover on water stocks and ABS-CBN Corp. due to a rift with the government.
Shares to climb on budget’s signing, trade deal
LOCAL SHARES are seen to move upwards on the first trading day and week of 2020 as investors expect the signing of the national budget for this year and positive developments in the US-China trade war.