The main composite index of the local bourse fell below the 6,500 level Tuesday as global markets declined amid the geopolitical risks and possible delay in rate cuts.
The bellwether Philippine Stock Exchange index plunged 157.46 points, or 2.4 percent, to close at 6,404.97, while the broader all-shares index dropped 68.26 points, or 1.96 percent, to finish at 3,409.85.
“The continuous sell-off was due to increasing tensions in the Middle East...
Stocks retreated Thursday on profit taking and fresh worries over elevated oil prices in the world market and the COVID-19 lockdown in Shanghai, China.
The...
Stocks soared Wednesday after oil prices briefly sank following a downgraded IMF global growth forecast for 2022.
The Philippine Stock Exchange Index jumped 104.78 points,...
Stocks rose Tuesday on mild bargain hunting but traders were digesting growth concerns in China and rising interest rates in the United States.
The Philippine...
The stock market virtually closed flat Monday on thin volume after a long holiday break, with investors trading cautiously amid surging oil prices in...
