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MIXED. Investors took profit on Tuesday (Jan. 17, 2023) that resulted to the negative close of the Philippine Stock Exchange index (PSEi) a day after it rose to the 7,000-level. On the other hand, the peso kept its footing against the US dollar amidst correction. (PNA file photo) MANILA - Profit-taking took over the local bourse's main index on Tuesday resulting in its slip while the peso ended the day sideways against the US dollar. The Philippine Stock Exchange index (PSEi) shed 0.45 perce...

Hopes for a strong output for the Philippine economy this year lifted the Philippine Stock Exchange index (PSEi) on Monday (Jan. 16, 2023). This, along with the deceleration of US inflation rate and hopes for smaller jumps in the Federal Reserve's key rates also buoyed the peso.(File photo) MANILA-Optimism on the domestic economy's performance this 2023 lifted the local bourse's main index above the 7,000-level on Monday, which, in turn, was mirrored by the peso. The Philippine Stock...

DOWN. Concerns on the possibility of a recession in the US increased following another large increase in the Federal Reserve funds rate. This resulted in further depreciation of the Philippine peso and the drop to below 6,300 for the Philippine Stock Exchange index (PSEi) on Friday (Sept. 23, 2022). (PNA graphics) MANILA - Recession worries resulted in the local main stocks index ending the week below 6,300-level while the peso registered another record-low against the US dollar despite its side...

RISK-OFF. Further hike in the Federal Reserve's key rates by another 75 basis on Sept. 21, 2022 further dampened investors' sentiment on currencies and bourses. This resulted in the negative finish for both the Philippine peso and the local stock barometer on Thursday (Sept. 22, 2022). (PNA graphics) MANILA - Both the Philippine peso and the main equities index finished Thursday down, with the local unit registering a fresh all-time low, following the widely expected 75 basis points incr...

(PNA graphics) MANILA - All the counters in the local bourse traded on the red on Monday partly ahead of the Federal Reserve meeting this week but the peso managed to finish the day sideways against the greenback. The Philippine Stock Exchange index (PSEi) shed by 1.70 percent, or 111.35 points, to 6,437.42 points. All Shares followed with a decline of 1.39 percent, or 48.41 points, to 3,426.00 points. Holding Firms led the sectoral gauges in terms of losses after it fell 2.67 percent and was tr...

(PNA graphics) MANILA - All the counters in the local bourse traded on the red on Monday partly ahead of the Federal Reserve meeting this week but the peso managed to finish the day sideways against the greenback. The Philippine Stock Exchange index (PSEi) shed by 1.70 percent, or 111.35 points, to 6,437.42 points. All Shares followed with a decline of 1.39 percent, or 48.41 points, to 3,426.00 points. Holding Firms led the sectoral gauges in terms of losses after it fell 2.67 percent and was tr...

ANOTHER RATE HIKE. Anticipations for another increase in the Federal Reserve's key policy rates next week resulted in the negative close of both the Philippines' main stocks gauge and the peso on Friday (Sept. 16, 2022). The local unit even registered another all-time low against the greenback. (PNA graphics) MANILA - Risk-off sentiments reigned in both the local bourse and the foreign currency market on Friday, with the peso posting another all-time low against the US dollar, ahead of t...

MIXED. Sentiments in the local bourse are mixed on Tuesday (Sept. 13, 2022), resulting in the main index's decline ahead of the release of US' August 2022 inflation report later in the day. However, the peso gained against the US dollar. (PNA graphics) MANILA - The local stock barometer ended its rally on Tuesday ahead of the release of the United States August consumer price index (CPI) report but the peso strengthened against the greenback. After a two-day rally, the Philippine Stock E...

WAIT-AND-SEE STANCE. Investors decide to stay at the sidelines while awaiting the release of US' August 2022 consumer price index (CPI) report, which will be out on Tuesday (Sept. 13, 2022). This resulted in the rise of the local bourse's main index and the sideways finish for the peso. (PNA graphics) MANILA - The local stock barometer started the week up ahead of the release of United States August 2022 inflation report while the peso finished sideways against the US dollar. The Philipp...

(PNA graphics) MANILA - The Philippines' main stocks index sustained its rise and finished the week up, tracking its United States counterparts, a performance mirrored by the peso, which appreciated to the PHP56 level to the greenback. The Philippine Stock Exchange index (PSEi) gained 0.19 percent, or 12.26 points, to 6,606.00 points. On the other hand, All Shares ended almost unchanged with a rise of 0.04 percent, or 1.27 points, to 3,506.47 points. Most of the sectoral indices also gained ...