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MANILA - Risk-off sentiments continue to worry investors resulting to net foreign selling and another negative close of the Philippines' main equities gauge and the weakening of the local currency to the 53-level against the greenback. The Philippine Stock Exchange index (PSEi) shed 3.38 percent, or 228.55 points, to 6,530.04 points. It was tracked by all the other counters, with the All Shares down by 2.46 percent, or 88.73 points, to 3,511.93 points. Property registered the biggest drop among the sectoral indices after it fell 4.20 percent and was trailed by the Holding Firms, 3.62 perce...

GROWTH CONCERNS. Investors' growth concerns continue to hurt the main equities index that resulted in its negative close on Thursday (June 9, 2022) However, the peso remains on a sideways close against the US dollar amidst worries on the global growth path. (PNA file photo) MANILA - Risk-off sentiments resulted in the negative close of the main equities index but the peso remained firm against the US dollar on Thursday. The Philippine Stock Exchange index (PSEi) shed by 0.16 percent, or 11.03 points, to 6,758.59 points. All Shares went down by 0.12 percent, or 4.18 points, to 3,600.66 poin...

RISK-ON DESPITE ODDS. The equities market posts improvements on Tuesday (June 7, 2022) despite the report about further uptick of domestic inflation rate last May. The peso also managed to end the day sideways against the US dollar, sustaining its performance for a long time now. (PNA file photo) MANILA - Risk-on sentiments reigned in the local bourse on Tuesday but the peso finished sideways against the US dollar. After sliding for several days due to global growth concerns, among others, the Philippine Stock Exchange index (PSEi) rose by 0.55 percent, or 37.13 points, to 6,754.01 points. All...

RISK AVERSION. Concerns on more aggressive hikes in the Federal Reserve's key rates continue to hurt the local bourse's main index on Monday (June 6, 2022). However, the peso finished unchanged against the US dollar despite the strengthening of the greenback. (PNA file photo) MANILA - Expectations for continued hikes in the Federal Reserve's key rates hurt the local stock barometer but the peso finished unchanged against the US dollar. The Philippine Stock Exchange index (PSEi) shed 0.36 percent, or 24.52 points, to 6,716.88 points. All Shares followed with a drop of 0.46 percent, ...

MANIILA -Philippines' main stocks index shed anew on Wednesday due to inflation fears and the local currency weakened against the US dollar. The Philippine Stock Exchange index (PSEi) lost 0.92 percent, or 62.47 points, to 6,712.21 points. All Shares followed with a jump of 0.47 percent, or 17.13 points, to 3,589.78 points. Most of the sectoral indices also declined during the day namely Financials, 1.51 percent; Industrial; 1.47 percent; Services, 1.07 percent; and Holding Firms, 0.59 percent. On the other hand, Mining and Oil rose by 0.95 percent and Property, 0.20 percent. Volume was th...