PHStocks

Manila—(PHStocks)—Philippine stocks recovered Wednesday, May 8, as investors hunted for bargains after two sessions of profit taking. Better than expected regional and global economic data, and strong quarter performance from most local companies have further lifted market sentiment, as the benchmark PSE index gain 0.49% or 35.18 points to close today’s trading at 7,181.3. On a sectoral basis, half of the counters have recovered, led by the Property index, which…

Manila—(PHStocks)—Philippine stocks recovered their losses from profit taking as investors retook positions to take advantage of higher yields. The benchmark Philippine Stock Exchange (PSE) index regained its footing at the 6,700 level, closing the trading day on Friday, 26 April, at 7,025.44 – up by 0.43%. All counters were back in the green, led by the Services sector, which gained 0.93%. The Mining and Oil sector increased by 0.56%, while…

Manila—(PHStocks)—The Philippine stock market continued their rally Friday, 12 April, buoyed by strong market performance in U.S. markets. The Philippine Stock Exchange (PSE) index hit 6,891.43, up by 0.87% or 59.69 points – a new record high for the local bourse amid continued optimism in the local market. Except for the slight 0.12% drop in the Industrials sector, all remaining counters were in the green. Leading the pack is the…

Manila—(PHStocks)—The Philippine stock market maintained their growth Thursday, 11 April, amid continued upbeat market forecasts. The Philippine Stock Exchange (PSE) index gained a slight 0.23% or 15.9 points to close the market at 6,831.74. All counters, except for the Services index that shed 0.16%, are on the up. The Mining and Oil segment continues to lead the gainers, edging higher by 1.1%. The Holding Firms segment, on the other hand,…

Manila—(PHStocks)—Philippine stocks rode a series of widespread profit-taking this week amid new record highs. Strong macroeconomic fundamentals pushed the benchmark Philippine Stock Exchange index (PSEi) past the 6,700-mark on 25 February, closing at 6,721.33 – up by 56.27 points or 0.84%. This strong growth drove investors to cash in on their gains on 26 February, wiping the index’s gains made the previous day. PSEi closed at 6,630.67, down by 1.35%….