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THE LOCAL MARKET surrendered to profit takers on Wednesday, pulling the main index back to the 5,900 level, following the drop in Wall Street as it reopened on Tuesday.
THE MAIN INDEX sustained its upward trajectory on Tuesday to break into the 6,000 level on bargain hunting as investors held on to hopes of an economic recovery.
THE MAIN INDEX returned to the 5,900 level on Monday due to the absence of a strong catalyst, which caused a sell-off in more than half of blue-chip stocks.
STOCKS dropped on Wednesday as investors booked profits after the shift to relaxed quarantine protocols and ahead of the central bank’s policy-setting meeting.
As markets around the world piggyback on technology shares to ride a startling rebound from their pandemic lows, stock investors in Southeast Asia are...
LOCAL SHARES are expected to move sideways this week with a downward bias as investors continue to look for indicators that would determine the fate of businesses after the lockdown.
PHILIPPINE SHARES rebounded on last-minute bargain hunting on Tuesday, but failed to return to the 6,000 level due to losses intraday caused by the lack of clarity about the government’s coronavirus disease 2019 (COVID-19) recovery plan.