PHStocks Week in Review: Strong Turnaround

The local stock market went through a roller coaster ride this week as the world still grapple with the uncertainty of oil supply, driven by the continuing crisis in Libya. Markets rebounded, however, on news that Saudi Arabia will ensure oil supply. In the Philippines, though, oil prices reached the PhP51 to PhP52 level, as […]
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Mining & Oil, Property Sectors Recover

Local shares continue their bloodbath as the bellwether Philippine Stock Exchange index (PSEi) dropped from the 3,800 mark to end Wednesday’s trading day at 3,757 points, further down by 0.71% from the close yesterday. The wider all-share index likewise fell 1.11% further, in part due to the continuing crisis in the Middle East that had […]
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PH Stocks Continue to Bleed

Local shares remain in the red, with the main board Philippine Stock Exchange index (PSEi) dropping 1.4% to end at 3,784.07 points Tuesday, amid soaring oil prices brought about by tensions in the Middle East. The Property index suffered the biggest decline, shedding 2.44%, followed by the Financials sector (-1.62%) and Industrial sector (-1.35%). Trading […]
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