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.
PHL shares decline as peso weakens to P54:$1
SHARES fell on Wednesday as the Philippine peso posted its lowest finish against the greenback in 13 years, alongside escalating trade tensions between the United States and China.
Stocks slump on US-North Korea meet concerns
LOCAL EQUITIES slumped on Tuesday as the second meeting between United States and North Korean leaders alongside the delay of President Rodrigo R. Duterte’s scheduled speech in the afternoon dampened investor sentiment.
PHL shares end flat as investors pick up bargains
SHARES opened the week on a flattish note as investors went bargain hunting, while some were still reeling from last week’s news, particularly the faster-than-expected inflation print and the US’ threat of more tariffs on Chinese products.
Sentiment to stay negative after inflation shock
SENTIMENT at the local market may still be dampened over last week’s report of a faster-than-expected inflation rate, but investors will be on the lookout for optimistic prospects here and abroad.
PSEi continues slide amid inflation concerns, foreign selling
LOCAL STOCKS fell anew on Friday as investors factored in a possible rate hike due to the higher-than-expected August inflation, alongside renewed global trade concerns.