Wall Street fall weakens PSEi
The negative spillovers from Wall Street weighed on the local market.
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Daily TribuneTopic
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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The Philippine stock index bounced back on Tuesday, gaining by 107.67 points, or 1.48 percent, to close at 7,380.32 level.
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Profit-taking dragged the PSEi into the red despite remaining in overbought territory, ignoring positive US market momentum.
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Gold prices surged to an all-time high, which he said is driven by escalating tensions in the Middle East and optimism surrounding monetary easing
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A significant drop in weekly jobless claims to 219,000 also bolstered hopes for a U.S. soft landing.
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The local bourse on Friday dropped 1.82 points, or 0.03 percent, to close at 7,022.85, a day after it breached the 7,000 level.
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The Philippine stock market on Monday ended in green, climbing by 48.16 points, or 0.69 percent, to close at 6,984.25.
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PUERTO PRINCESA CITY, Palawan — The Long March 3B rocket, launched by China's Xichang Satellite Launch Center, has so far left no debris in the West Philippine…
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The benchmark Philippine Stock Exchange index is still struggling to recover from a slump, especially after the Federal Reserve kept its aggressive stance in…
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Emulating Indian independence hero Mahatma Gandhi, Rahul Gandhi was set Wednesday to begin a "long march" seeking to halt the seemingly inexorable…
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