Latest Breaking News On - 005 when it finished the trade at 54 74 quot this transpired amid consistent relatively dovish signals reiteration of gradual 0 25 local policy rate hike in coming months bigger and faster fed hikes recently expected for - Page 1 : vimarsana.com
AGGRESSIVE HIKES. Statements for more aggressive hikes in central banks' policy rates resulted in another decline in both the Philippines main equities index and the peso on Thursday (June 23, 2022). Fears for a recession in the US contributed to investors' worries, analysts said. (PNA file photo) MANILA - Monetary authorities' statements for continued tightening of policy rates both here and in the US resulted in further decline of both the Philippines' main equities index and the peso on Thursday. All the counters in the local bourse again closed the day in the negative territory, with the Philippine Stock Exchange index (PSEi) down by 1.67 percent, or 102.77 points, to 6,065.23 points. All Shares followed with a drop of 1.31 percent, or 43.62 points, to 3,284.73 points. Mining and Oil posted the biggest drop among the sectoral counters after it slipped by 3.98 percent and was trailed by the Financials, 3.35 percent; Services, 2.40 percent; Property, 1.31 percent; Ind