Local shares extended their losses Friday ahead of the release of the April inflation rate next week.
The Philippine Stock Exchange index dropped 31 points, or 0.46 percent, to close at 6,615.55, while the broader all-shares index dipped 6.41 points, or 0.18 percent, to settle at 3,498.17.
Philstocks Financial Inc. research analyst Claire Alviar said investors maintained a cautious stance on expectations of higher inflation rate for the month of April.
“Also,...
Investors at the Philippine Stock Exchange are expected to opt for range-bound trading as inflation fears will continue to weigh down investor sentiments.
Analysts said...
Stockholders of BDO Unibank Inc. approved Friday the declaration of stock dividends equivalent to 20 percent of the bank’s outstanding capital stock, as well...
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,...
