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REBOUNDS. The Philippine Stock Exchange index (PSEi) recovers on Friday (April 8, 2022) as investors continue to digest hawkish Federal Reserve officials' statements on policy rates. However, the peso depreciated against the US dollar after a jump in 10-year US Treasury yields. (Photo file photo) MANILA - The main equities index recovered and rose to the 7,000-level on Friday but the peso weakened against the US dollar following the decline in the prices of oil in the international market. T...

MANILA - Risk-off sentiments on news saying the Federal Reserve will take a more aggressive tightening took over the local bourse on Wednesday, resulting in the negative close of all the counters, along with the peso. The Philippine Stock Exchange index (PSEi) slipped by 0.65 percent, or 46.81 points, to 7,109.26 points. All Shares followed with a decline of 0.45 percent, or 16.94 points, to 3,780.49 points. Holding Firms registered the biggest drop among the sectoral counters after it fell by 1...

MANILA - The main equities index slipped on Tuesday following the uptick of domestic inflation rate last March to 4 percent but the peso gained against the US dollar. The Philippine Stock Exchange index (PSEi) dropped by 0.10 percent, or 7.14 points, to 7,156.07 points. All Shares slipped by 0.003 percent, or 0.11 points, to 3,797.43 points. Most of the sectoral gauges also fell during the day namely Property, 0.59 percent; Industrial, 0.24 percent; Holding Firms, 0.16 percent; and Services, 0.0...

MANILA - Bargain hunting lifted the main equities index on Monday ahead of the release of the March 2022 domestic inflation report while the peso tracked gains in the local bourse. The Philippine Stock Exchange index (PSEi) rose by 0.14 percent, or 10.33 points, to 7,163.21 points. All Shares followed with a jump of 0.24 percent, or 8.95 points, to 3,797.54 points. Most of the sectoral gauges tracked the main index, led by Mining and Oil with an increase of 1.43 percent. Industrial followed with...

MANILA - Volatility during the first quarter of the year summarized the main equities index's negative close on Friday but the peso finished the day sideways against the greenback after a strong close on Thursday. The Philippine Stock Exchange index (PSEi) shed 0.70 percent, or 50.59 points, to 7,152.88 points. Its negative close was followed by all other counters, with the All Shares down by 0.61 percent, or 23.24 points, to 3,788.59 points. Holding Firms registered the highest decline amon...

MANILA - Bargain hunting lifted the local stocks index on Thursday while the peso improved to the 51-level against the US dollar. The Philippine Stock Exchange index (PSEi) rose by 0.51 percent, or 36.45 points, to 7,203.47 points. All Shares followed with a jump of 0.45 percent, or 17.08 points, to 3,811.83 points. Most of the sectoral counters also gained during the day, led by Holding Firms, which rose 1.03 percent. It was trailed by Financials, 0.78 percent; Industrial, 0.68 percent; Service...

MANILA - The local stock barometer posted a new three-week high on Wednesday and it was trailed by the peso, which touched the 51-level to a US dollar mid-trade. The Philippine Stock Exchange index (PSEi) inched up by 0.73 percent, or 51.93 points, to 7,167.02 points. Rizal Commercial Banking Corporation (RCBC) chief economist Michael Ricafort said the main stocks index registered its "new three-week highs or since March 8, 2022, as global market risk appetite improved recently with the eas...

MANILA - The release of economic data this week, which are expected to impact Federal Reserve's rate decisions, dampened the local stock barometer on Tuesday but the peso managed to keep its footing against the US dollar. The Philippine Stock Exchange index (PSEi) shed 0.27 percent, or 19.27 points, to 7,115.09 points. All Shares slipped by 0.30 percent, or 11.52 points, to 3,770.53 points. Most of the sectoral gauges tracked the main index namely Mining and Oil, 3.99 percent; Holding Firms,...

MANILA - Bargain hunting allowed the Philippine Stock Exchange index (PSEi) to finish Monday in a positive territory anew while the peso ended sideways against the US dollar. The local stock barometer rose by 0.13 percent, or 9.52 points, to 7,134.36 points. All Shares followed with a jump of 0.20 percent, or 7.46 points, to 3,782.05 points. Two of the sectoral gauges tracked the main index namely Industrial, 0.84 percent; and Holding Firms, 0.48 percent. However, most of the sectoral indices sl...

MANILA - Both the main stocks index and the peso gained on Friday partly on improvement of jobless claims in the US, which posted its lowest since 1969. The Philippine Stock Exchange index (PSEi) rose by 0.60 percent, or 42.23 points, to 7,124.84 points. All Shares followed with a jump of 0.41 percent, or 15.24 points, to 3,774.59 points. Most of the sectoral indices also gained during the day including Financials, 1.27 percent; Services, 1.24 percent; Holding Firms, 0.39 percent; and Industrial...