Shares slump as market consolidates after rally
SHARES SLUMPED on Wednesday as the local market paused for a break after rallying past the 7,800 level in previous days.
Stocks climb on improved volume, Wall Street
LOCAL EQUITIES jumped on Tuesday, benefiting from the return of investors after a long weekend alongside gains recorded across international markets.
Shares to move sideways on likely thin volume
LOCAL EQUITIES may trade sideways in the week ahead as volumes are seen to thin due to the shorter trading period alongside expectations for the US Federal Reserve to maintain rates.
PSEi books weekly gain amid trade war worries
THE MAIN INDEX posted gains last week, after a unit of one of the country’s largest conglomerates announced its plan to raise as much as P142 billion through a follow-on offering.
PSEi down on profit-taking
LOCAL STOCKS slipped on Friday as traders took profits after climbing for two consecutive days.
Stocks up as market awaits US-China trade talks
LOCAL EQUITIES rallied on Thursday, as investors looked to the resumption of talks between the United States and China on their ongoing trade war.
PHL shares rise on investors’ selective buying
SHARES jumped on Wednesday on selective buying of large-cap stocks after investors returned to the market following the Eid’l Adha holiday.
PSE index to consolidate as market looks for leads
THE MAIN INDEX is seen to continue consolidating in the week ahead as investors look for catalysts that could sustain an upward trend in the long run.
Stocks decline anew as investors pocket profits
LOCAL EQUITIES fell on Monday as investors went profit taking ahead of the trading break on Tuesday for the Islam holiday Eid’l Adha.
Shares seen trading sideways in shortened week
THE MAIN INDEX may trade sideways in the week ahead as investors are expected to stay on the sidelines due to the shortened trading week.
Bargain hunt fuels recovery
LOCAL EQUITIES rebounded on Friday, as traders hunted for bargains and as optimism returned amid eased US-China trade tensions.
Shares slump anew as lira’s drop dents sentiment
THE MAIN INDEX slumped on Thursday, ending at the 7,500 level as investor confidence continued to take a hit from the plunge in Turkey’s currency.