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RESILIENT. The Philippines' main stock index ended up Monday amidst the trading holiday in Asian markets due to the Chinese New Year. The peso also kept its footing and ended flat against the US dollar partly due to dovish statements from Philippine and US monetary authorities as well as the rise of the Philippine Stock Exchange index (PSEi). (PNA file photo) MANILA - The local bourse managed to end higher in the week's first trading day amidst the suspension of trading in Asia due to the Chinese New Year, while the peso kept its footing against the US dollar. The Philippine Stock Exchange index (PSEi) rose by 0.19 percent, or 13.06 points, to 7,069.68 points. All Shares followed with a jump of 0.23 percent, or 8.39 points, to 3,691.25 points. Half of the sectoral indices also gained during the day, namely Holding Firms, 0.63 percent; Financials, 0.24 percent; and Services, 0.22 percent. On the other hand, Mining and Oil shed by 0.80 percent; Industrial, 0.35 percent; and Prope ....
MANILA - The main stocks index rebounded on Tuesday on news about a possible ceasefire in the Russia-Ukraine conflict while the peso continued its sideways close against the US dollar. The Philippine Stock Exchange index (PSEi) rose by 0.93 percent, or 68.66 points, to 7,440.91 points. All Shares followed with a jump of 0.56 percent, or 21.85 points, to 3,938.51 points. Most of the sectoral indices also gained during the day, namely Holding Firms, 1.91 percent; Mining and Oil, 1.86 percent; Services, 1.14 percent; and Industrial, 0.45 percent. On the other hand, Property declined by 0.22 percent and Financials by 0.10 percent. Volume reached 3.13 billion shares amounting to PHP12.85 billion. Decliners surpassed advancers at 98 to 94, while 54 shares were unchanged. "Philippine investors took bets on the back of news reports of the short-lived strong possibilities of a summit for a ceasefire and with (the) US market still on holiday," said Luis Limlingan, Regina Capital Develo ....