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Earnings optimism boosts PH stocks; peso up

UP. The local bourse's main index recovered on Wednesday (March 1, 2023) despite the decline of its United States counterparts, ending days of slide caused by concerns on inflation and the path of Federal Reserve tightening moves. The peso rose anew against the US dollar due in part to the PSEi's rise and the better-than-expected budget gap of the government for 2022. (PNA graphics) MANILA - The local bourse recovered on Wednesday despite the negative close of United States equities while the peso sustained its gain against the US dollar. After several days of decline, the Philippine Stock Exchange index (PSEi) rose by 0.78 percent, or 50.93 points, to 6,607.13 points. All Shares followed with a rise of 0.35 percent, or 12.19 points, to 3,539.36 points. Most of the sectoral gauges also increased during the day, led by Holding Firms after it inched up by 2.45 percent. It was trailed by Property, 1.25 percent; Mining and Oil, 0.39 percent; and Services, 0.07 percent. On the other ....

San Carlos , Negros Occidental , United States , Michael Ricafort , Bangko Sentral , Luis Limlingan , Rizal Commercial Banking Corporation , Holding Firms , Regina Capital Development Corporation , Philippine Stock Exchange , Commercial Banking Corporation , Up The Local Bourse 39s Main Index Recovered On Wednesday March 1 , 023 Despite The Decline Of Its United States Counterparts , Nding Days Of Slide Caused By Concerns On Inflation And The Path Federal Reserve Tightening Moves Peso Rose Anew Against Us Dollar Due In Part To Psei 39s Rise Better Than Expected Budget Gap Government For 2022 Pna Graphics Manila Local Bourse Recovered Wednesday Despite Negative Close United States Equities While Sustained Its Gain After Several Decline , He Philippine Stock Exchange Index Psei Rose By 0 78 Percent , R 50 93 Points , Go 6 , 607 13 Points All Shares Followed Witha Rise Of 0 35 Percent , R 12 19 Points , O 3 , 539 36 Points Most Of The Sectoral Gauges Also Increased During Day , Ed By Holding Firms After It Inched Up 2 45 Percent Was Trailed Property , Ndustrial Declined By 1 13 Percent And Financials 0 61 Volume Reached 715 8 Million Shares Amounting To Php7 Billion Decliners Led Advancers At 100 92 While 44 Were Unchanged Luis Limlingan , Egina Capital Development Corporation Rcdc Head Of Sales , Aid Psei Regained Its Footing After Several Days Of Slide Despite The Negative Close Us Counterparts Quot Investors Seem To Be Optimistic Regarding Better Than Expected Releases Corporate Earnings , Uot He Said However ,

Earnings optimism boosts PH stocks; peso up

UP. The local bourse's main index recovered on Wednesday (March 1, 2023) despite the decline of its United States counterparts, ending days of slide caused by concerns on inflation and the path of Federal Reserve tightening moves. The peso rose anew against the US dollar due in part to the PSEi's rise and the better-than-expected budget gap of the government for 2022. (PNA graphics) MANILA - The local bourse recovered on Wednesday despite the negative close of United States equities while the peso sustained its gain against the US dollar. After several days of decline, the Philippine Stock Exchange index (PSEi) rose by 0.78 percent, or 50.93 points, to 6,607.13 points. All Shares followed with a rise of 0.35 percent, or 12.19 points, to 3,539.36 points. Most of the sectoral gauges also increased during the day, led by Holding Firms after it inched up by 2.45 percent. It was trailed by Property, 1.25 percent; Mining and Oil, 0.39 percent; and Services, 0.07 percent. On the other ....

San Carlos , Negros Occidental , United States , Michael Ricafort , Bangko Sentral , Luis Limlingan , Rizal Commercial Banking Corporation , Holding Firms , Regina Capital Development Corporation , Philippine Stock Exchange , Commercial Banking Corporation , Up The Local Bourse 39s Main Index Recovered On Wednesday March 1 , 023 Despite The Decline Of Its United States Counterparts , Nding Days Of Slide Caused By Concerns On Inflation And The Path Federal Reserve Tightening Moves Peso Rose Anew Against Us Dollar Due In Part To Psei 39s Rise Better Than Expected Budget Gap Government For 2022 Pna Graphics Manila Local Bourse Recovered Wednesday Despite Negative Close United States Equities While Sustained Its Gain After Several Decline , He Philippine Stock Exchange Index Psei Rose By 0 78 Percent , R 50 93 Points , Go 6 , 607 13 Points All Shares Followed Witha Rise Of 0 35 Percent , R 12 19 Points , O 3 , 539 36 Points Most Of The Sectoral Gauges Also Increased During Day , Ed By Holding Firms After It Inched Up 2 45 Percent Was Trailed Property , Ndustrial Declined By 1 13 Percent And Financials 0 61 Volume Reached 715 8 Million Shares Amounting To Php7 Billion Decliners Led Advancers At 100 92 While 44 Were Unchanged Luis Limlingan , Egina Capital Development Corporation Rcdc Head Of Sales , Aid Psei Regained Its Footing After Several Days Of Slide Despite The Negative Close Us Counterparts Quot Investors Seem To Be Optimistic Regarding Better Than Expected Releases Corporate Earnings , Uot He Said However ,