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ECONOMIC REPORT. Philippine Stock Exchange index (PSEi) declines again on Wednesday (May 11, 2022) ahead of the release of the country's first-quarter economic growth report. However, the peso continued to gain against the US dollar. (PNA file photo) MANILA - The main equities index slipped anew on Wednesday ahead of the release of the first-quarter domestic economic growth, but the peso gained against the US dollar. The Philippine Stock Exchange index (PSEi) shed 1.27 percent, or 85.07 points, to 6,635.86 points. All Shares followed with a drop of 0.74 percent, or 26.65 points, to 3,557.9...

STAGFLATION CONCERNS. The local stock barometer declines on Tuesday (May 10, 2022) in line with its counterparts in Asia on investors' stagflation concerns. However, the peso improved against the greenback despite the strengthening of the US dollar. (PNA file photo) MANILA - The local bourse's main index started the shortened workweek on Tuesday in the negative territory, similar to its counterparts in the region, on fears about stagflation but the peso gained against the US dollar. The Philippine Stock Exchange index (PSEi) shed 0.58 percent, or 38.97 points, to 6,720.93 points. All S...

MANILA - Local shares and currency gained on Thursday trading following data releases from both international and domestic markets. The Philippine Stock Exchange index (PSEi) ended the day's trading 66.19 points higher, or 0.97 percent change, to 6,868.92 with all counters in the green. All shares rose by 1.33 percent, or 48.17 points, to 3,663.16. The Mining and Oil sector posted the biggest jump, with an increment of 508.99 points or 4.52 percent to 11,769.57. This is followed by Industrial, up by 80.71 points (0.86 percent) to 9,484.16; Holding Firms, up by 60.44 points (0.95 percent) t...

BARGAIN HUNTING. The Philippine Stock Exchange index (PSEi) recovers on Wednesday (May 4, 2022) due to bargain hunting and ahead of the Fed rate announcement. However, the peso weakened against the US dollar. (PNA file photo) MANILA - Bargain hunting lifted the local stock barometer on Wednesday but the peso lost against the US dollar. The Philippine Stock Exchange index (PSEi) rose by 1.21 percent, or 81.65 points, to 6,802.73 points. All Shares followed with a jump of 0.50 percent, or 18.16 points, to 3,614.99 points. Most of the sectoral indices trailed the main gauge, namely Property, 2.42...

CLOSING LOWER. Philippines' main stocks gauge and the peso finish Monday (May 2, 2022) in the negative territory ahead of the Federal Reserve's rate-setting meeting this week. Investors are projecting a 50 basis points increase in the Fed rates following the 25 basis points hike last March. (PNA file photo) MANILA - The wait-and-see stance on the release of major economic data both here and overseas resulted in the negative close of the local stock barometer and the peso on Monday. The Philippine Stock Exchange index (PSEi) shed 0.15 percent, or 10.17 points, to 6,721.08 points. All Sh...