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PH stocks index rises anew as peso finishes sideways - Vimarsana News

PH stocks index rises anew as peso finishes sideways

Published: May 26, 2022

(PNA file photo) MANILA - Continued hawkish tone from the Federal Reserve resulted to another uptick in the Philippines' main equities index on Thursday and the peso continued to remain firm against the greenback. The Philippine Stock Exchange index (PSEi) rose by 0.72 percent, or 47.76 points, to 6,645.52 points. All Shares followed with an increase of 0.41 percent, or 14.61 points, to 3,568.65 points. Most of the sectoral indices also gained during the day namely Services, 1.71 percent; Industrial, 1.53 percent; Financials, 0.93 percent; and Holding Firms, 0.14 percent. On the other hand...

Source: philippinetimes.com

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Luis Limlingan Holding Firms Market Committee Regina Capital Development Corporation Federal Reserve Philippine Stock Exchange Federal Open Market Committee Na File Photo Manila Continued Hawkish Tone From The Federal Reserve Resulted To Another Uptick In Philippines 39 Main Equities Index On Thursday And Peso Remain Firm Against Greenback Philippine Stock Exchange Psei Rose By 0 72 Percent R 47 76 Points Go 6 645 52 Points All Shares Followed With An Increase Of 0 41 Percent R 14 61 Points O 3 568 65 Points Most Of The Sectoral Indices Also Gained During Day Namely Services Ining And Oil Fell By 1 18 Percent Property 0 58 Volume Was Thin At 839 74 Million Shares Amounting To Php6 Billion Advancers Led Decliners 96 90 While 44 Were Unchanged Quot Philippine Edged Higher As The Fomc 39s Federal Open Market Committee Meeting Minutes Hinted That Fed Could Turn More Hawkish Counter Recent Inflationary Pressures Uot Luis Limlingan Egina Capital Development Corporation Rcdc Head Of Sales Aid Minutes Of The Fomc 39s Meeting This Month Showed That Us Monetary Authorities Consider Additional 50 Basis Points Increase In Fed Key Rates Each June And July As Quot Likely Appropriate To Address Acceleration 39 Inflation Rate Fter The 25 Basis Points Increase In Fed 39s Key Rates Last March And 50 Earlier This Month Us Consumer Price Index Has Risen To Its Four Decade High Since January 7 5 Percent Was Followed By 9 R 5 Percent Nd 8 3 Percent In The Succeeding Three Months Espectively Relatively He Local Currency Sustained Its Sideways Close Against The Us Dollar After It Ended Day At 52 4 From 355 Finish On Wednesday Opened 35 And Traded Between 49 28 Average Level For Stood 379 Volume Reached Usd986 01 Million Igher Than The Previous Day 39s Usd804 2 Million Pna