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(File photo) MANILA - Volatility caused the Philippines' main equities index to finish the week in the red but the peso managed to finish sideways against the US dollar. The Philippine Stock Exchange index (PSEi) lost 2.58 percent or 178.20 points to 6,731.25 points. All the other counters also ended the trade in the red, with the All Shares down by 1.97 percent, or 72.34 points, to 3,605.14 points. Property led the sectoral gauges in terms of losses after it fell by 3.66 percent and was trailed by Services, 2.47 percent; Industrial, 2.28 percent; Financials, 2.20 percent; Holding Firms, 1...

VOLATILITY. The main equities index recovers on Thursday (April 28, 2022) as investors continue to look for safer haven amidst the volatility caused by, among others, the higher inflation rate and global growth concerns. However, the peso weakened against the US dollar, a change from the previous' day's performance. MANILA - Volatility allowed the main equities index to recover on Thursday after days of negative close, but the peso turned the other way and depreciated against the US dollar. The Philippine Stock Exchange index (PSEi) rose by 0.66 percent, or 45.54 points, to 6,909.45 po...

NEW COVID-19 OUTBREAK. Concerns on the global economy amid the new Covid-19 outbreak in China, among others, result in another dip for the Philippine Stock Exchange index (PSEi) on Wednesday (April 27, 2022). However, the peso gained against the US dollar. (PNA file photo) MANILA - Concerns on the surging coronavirus disease 2019 (Covid-19) cases in China and its global economic impact mainly hurt the local main equities index on Wednesday, but the peso improved against the greenback. The Philippine Stock Exchange index (PSEi) lost 1.66 percent, or 116.11 points, to 6,863.91 points. All Shares...

GROWTH CONCERNS. The main equities index declines on Tuesday (April 26, 2022) on global growth concerns amid resurging coronavirus disease 2019 (Covid-19) cases in China. However, the peso improved against the US dollar. (PNA file photo) MANILA - The local stock barometer declined on Tuesday on investors' global economic concerns but the peso appreciated against the greenback. The Philippine Stock Exchange index (PSEi) shed 0.58 percent, or 40.81 points, to 6,980.02 points. All Shares followed with a decline of 0.28 percent, or 10.41 points, to 3,712.39 points. Most of the sectoral indices...

FED RATE HIKE. The local stock barometer recovers on Monday (April 25, 2022) as earnings report season starts, and on expectations for further hikes in the Federal Reserve's key rates. However, the peso weakened against the US dollar. (PNA file photo) MANILA - The main stock gauge started the week up on investors' anticipation for another increase in the Federal Reserve's key rates in May, but the peso weakened against the US dollar. After a slump at the end of last week's trading, the Philippine Stock Exchange index (PSEi) recovered and jumped by 0.32 percent, or 22.24 points,...