PSEi sinks below 6,000
The local stock market tumbled below the 6,000 mark on Friday as investors reacted to the country’s latest economic data.
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Daily TribuneTopic
The local stock market tumbled below the 6,000 mark on Friday as investors reacted to the country’s latest economic data.
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British energy giant Shell on Thursday announced a 17-percent drop in annual net profit owing to weaker oil and gas prices as well as asset write-offs.
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The recent shakeup at the Philippine Stock Exchange (PSE) had Nickel Asia Corp. (NIKL) and Wilcon Depot (WLCON) shifted from the benchmark PSE index to the…
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‘We could be the dumping ground for Chinese goods that could be temporary. That will be good for our prices because of more supply of goods.’
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‘It is notable that our very first listed REIT has also become the first REIT to make it to the PSEi.’
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‘Coal is still the cheapest source of power, and coal will not be gone in the next five and even 10 years.’
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Philippine shares continued with the bargain hunting as funds continue to position for the year ahead, while awaiting for other foreign funds to return from an…
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A Christmas Eve jump in equities got the Santa rally off to a flying start and indices barely budged in Thursday trading
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Daily average value turnover reached P 6.10 billion, 0.1 percent higher than the P6.09 billion registered year-on-year; domestic market capitalization at…
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The local bourse and the currency ended trading in positive territory on the eve of Christmas holidays.
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‘The Philippine economy grew by 6 percent in the first half of the year and we think that will be sustained. Based on our discussions with clients, we’ve…
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Most investors placed funds in banking firms, holding firms, property developers, transportation providers, and food, beverage and tobacco manufacturers
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The peso strengthened against the US dollar on Wednesday as Filipino households received more remittances from relatives overseas as the long weekend neared.
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The stock index on Wednesday dropped 45.5 points, or 0.61 percent, to close at 7,367.66.
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The negative spillovers from Wall Street weighed on the local market.
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The 12-month index target now stands at 8,354 based on Bloomberg’s target price compilation.
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The local stock market gauge on Tuesday closed in red, dropping by 17.43 points, or 0.23 percent, to close at 7,537.25.
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