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Philippines
Tuesday, May 28, 2024

Stocks

Local stocks decline amid lack of market catalysts

Philippine share prices opened the week in the red, even as most Asian stocks edged higher, to close below the 6,600 level. The 30-company Philippine Stock Exchange index shed 48.29 points, or 0.73 percent, to close at 6,571.60, while the broader all-shares index slipped 13.41 points or 0.38 percent, to settle at 3,510.08. Philstocks Financial Inc. research analyst Claire Alviar said the market dropped in the absence of market catalysts. “Investors were...

PH stocks seen trading sideways this week

Philippine stocks are expected to trade sideways with a downward bias this...

Stocks decline on negative cues from Wall Street

Philippine stocks ended the week in the red on negative cues from...

PH shares rebound on declining world oil prices ahead of OPEC meet in June

Local shares rebounded Thursday from two straight days of decline on the...

LATEST Stocks

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Stocks extend losses on peso depreciation

Philippine stocks extended their losses for a second straight trading day on worries about the depreciation of the peso against the US dollar.The Philippine...

PH stocks slide on profit-taking as peso drops to new low

Philippine stocks succumbed to profit-taking Tuesday after the peso plunged to a new 18-month low of 58 per US dollar. The bellwether Philippine Stock Exchange...

PH stocks climb on optimism over lower interest rates

Local shares rose Monday, tracking Asian markets’ movement, following the strong performance of US equities on Friday. The 30-company Philippine Stock Exchange index jumped 64.09...

Stocks likely to sustain sideways trading

Local stocks are expected to sustain their sideways movement this week as investors remain cautious amid lingering risks. BDO Securities said markets would likely keep...

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