EastWest sees local firms’ gains rising 13%
‘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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Daily TribuneTopic
‘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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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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