Shares decline ahead of Fed, BSP rate decisions
STOCKS FELL anew on Wednesday as investors remained cautious ahead of the back-to-back meetings of the United States Federal Reserve and the country’s own central bank.
PSEi reels from revived US-China trade jitters
SHARES stumbled on Tuesday as Beijing’s cancellation of trade talks with Washington triggered jitters across markets worldwide.
Shares extend climb as US-China tensions cool
SHARES climbed on Monday, continuing to bounce back from oversold conditions last week.
Stocks seen sideways ahead of BSP, Fed reviews
THE MAIN INDEX will likely trade sideways in the week ahead as investors anticipate the Bangko Sentral ng Pilipinas’ (BSP) action on interest rates on Thursday.
Bourse surprises with ‘dizzying rally’
THE PHILIPPINE STOCK EXCHANGE index (PSEi) exited bear territory on Friday amid what one analyst described as “a dizzying rally”, but its strong recovery was not enough to prevent its third straight week-on-week drop.
PHL stocks sink further into bear market territory
THE MAIN INDEX sank deeper into bear territory on Thursday, as investors favored international markets versus placing their investments in the country.
PSEi declines to 7,200 level on foreign outflows
THE MAIN INDEX pulled back to the 7,200 level on Wednesday, dropping for a second day as foreigners continued to exit the local market.
Shares slump as Ompong triggers inflation fears
LOCAL EQUITIES plunged on Tuesday on fears of more inflationary pressures following the onslaught of typhoon Ompong last weekend.
PSE index ends flat in super typhoon’s aftermath
THE MAIN INDEX barely moved on Monday as investors stayed on the sidelines following the typhoon that ravaged some parts of the country over the weekend, alongside prevailing fears over the trade war between the United States and China.
Shares to rise as local investors return to market
SHARES are seen to move upward in the week ahead after two consecutive weeks in the red, with more local investors participating in the market amid the exit of foreign funds.
Investors fret as storm threatens
THE PHILIPPINE STOCK EXCHANGE index (PSEi) retreated on Friday from Thursday’s gain that had otherwise snapped six straight sessions of losses, as lack of compelling leads gave way to pessimism in the face of a huge storm that was expected to hit Luzon’s farms hard on Saturday at a time of spiking inflation.
PSE index halts six-day slump on selective buying
THE MAIN INDEX snapped its six-day losing streak on Thursday as investors went on selective buying of stocks with good valuations.