Shares fall further on weak US manufacturing data
LOCAL SHARES plunged for the fourth straight session on Wednesday, dragged by news on how the US-China trade war has hit the United States’ manufacturing sector.
PSE index extends decline on negative sentiment
THE MAIN INDEX retreated on Tuesday as investor sentiment remained dim amid fears of a global economic slowdown.
Stocks drop on concerns over US-China trade war
LOCAL EQUITIES fell on Monday, moving with most Asian indices as investors grew more concerned about the United States’ trade war with China.
Sound fundamentals not enough to lift sentiment
PHILIPPINE stocks may trade even lower in the week ahead amid a lack of catalysts that could boost investor sentiment.
Bourse ignores BSP rate cut, falls for second week
LOCAL SHARES on Friday ignored an expected boost to appetite from the Bangko Sentral ng Pilipinas’ (BSP) widely anticipated interest rate cut the preceding day and, instead, yielded to weakness on Wall Street and most other Asian bourses.
Market sits out BSP rate move on the sidelines
SHARES ended flat on Thursday as investors stayed on the sidelines ahead of the Bangko Sentral ng Pilipinas’ (BSP) sixth monetary policy review for the year that resulted in 2019’s third cut in policy interest rates, as widely expected.
Bourse manages last-minute turnaroud to end flat
THE MAIN INDEX made a last-minute turnaround on Wednesday — on the eve of the Bangko Sentral ng Pilipinas (BSP) meeting where a 25-basis-point cut on benchmark interest rates is widely expected — after spending much of the day in the red as investment sentiment worldwide took a hit from the US House of Representatives move to start an impeachment inquiry against US President Donald Trump.
Bourse caps five days of losses ahead of rate meet
LOCAL SHARES recovered slightly on Tuesday, as investors anticipated the Bangko Sentral ng Pilipinas’ (BSP) monetary policy decision this week.
Investors cautious amid lingering trade fears
THE MAIN INDEX barely moved, but with a negative bias, on Monday as investors stayed on the sidelines amid lingering concerns about the US-China trade war.
Shares to rebound as market awaits BSP rate cut
SHARES MAY bounce back in the coming days after the main index sustained losses for most of last week, with investors’ eyes trained on the Bangko Sentral ng Pilipinas’ (BSP) policy decision and the passage of the 2020 national budget.
Investors dig in ahead of FTSE rebalancing, BSP policy review
THE MAIN INDEX fell for the fourth straight day, below the 7,900 line, to mark its lowest point in 12 sessions, as investors kept watch of the Financial Times Stock Exchange (FTSE) rebalancing that takes effect on Monday and anticipated another interest rate cut when the Bangko Sentral ng Pilipinas (BSP) conducts its sixth policy review for the year next Thursday, Sept. 26.
Bourse ends flat with no surprises from the Fed
THE MAIN INDEX closed largely unchanged on Thursday as investors had already factored in the Federal Reserve’s rate cut in previous sessions.