PHStocks

Manila—(PHStocks)—The Philippines’ second investment grade rating, given by credit ratings firm Standard and Poor’s, has boosted the local stock market to a new high – the 28th so far recorded this year. The benchmark Philippine Stock Exchange (PSE) index surged by 1.72% or 121.93 points to close at 7,215.35 – a new record high for the local bourse. All counters are back in the green, led by the Holding Firms…

Manila—(PHStocks)—Philippine stocks extended their growth for the fourth session in line with continued optimism in the country’s macroeconomic fundamentals. The benchmark Philippine Stock Exchange (PSE) index went up by 0.61% or 42.64 points to close at 7,070.99 on Tuesday, 30 April, getting nearer to the highest close so far that was 7,120.48 – achieved on 22 April. The biggest gaining sector was the Services, which gained 1.23%. Not far behind…

Manila—(PHStocks)—Philippine stocks rallied to hit a new record high as investors took up positions amid expectations of strong first quarter corporate results. The benchmark Philippine Stock Exchange (PSE) index surged by 1.45% or 99.62 points to close at 6,957.1, a new record finish for the local bourse and a new record intraday high, as local investors anticipate the country’s second investment grade rating. The biggest gaining sector is the Property,…

Manila—(PHStocks)—Philippine stocks regained their losses Wednesday, 17 April, boosted by US stock markets recovering on positive housing reports. The benchmark Philippine Stock Exchange (PSE) index went up by 0.94% or 63.93 points to close today’s trading at 6,850.26. All counters are back in the green, led by the Financials segment, which gained 1.36%. The Industrials sector, meanwhile, posted a 1.25% growth, while both the Holding Firms and Services indices ended…

Manila—(PHStocks)— Philippine stocks extended their declines Tuesday, 15 April, as investors cash in on their gains after the market posted another record high last Friday, 12 April. The Philippine Stock Exchange (PSE) index further declined by 0.75% or 51.44 points to close today’s trading at 6,786.33. All counters continue to be in the red, led by the Mining and Oil index, which dropped by 2.26%. The Property index shed 1.22%,…