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(PNA file photo) MANILA - Risk on sentiments resulted in another negative close for the Philippines' main equities index on Tuesday but the peso finished the day sideways against the US dollar. The Philippine Stock Exchange index (PSEi) declined by 1.33 percent, or 92.93 points, to 6,895.36 points. All Shares went down by 1.14 percent, or 42.37 points, to 3,685.84 points. All the sectoral counters also finished on the red, led by the Industrial, which fell 2.15 percent. It was trailed by the Property, 1.83 percent; Mining and Oil, 1.44 percent; Services, 1.42 percent; Financials, 1.30 perc...

WEAKER PESO. The Philippine peso keeps its footing against the US dollar on Monday (April 11, 2022) but the main stocks index slides on a lack of catalyst at the start of the Holy Week. Both were also affected by the anticipation of further hikes in the Federal Reserve rates. (PNA file photo) MANILA - The Philippines' main stocks index finished the Holy Week's first trading day weaker as the peso finished sideways against the US dollar although at the 52-level. The Philippine Stock Exchange index (PSEi) shed 0.42 percent, or 29.73 points, to 6,988.29 points. It was trailed by all the o...

REBOUNDS. The Philippine Stock Exchange index (PSEi) recovers on Friday (April 8, 2022) as investors continue to digest hawkish Federal Reserve officials' statements on policy rates. However, the peso depreciated against the US dollar after a jump in 10-year US Treasury yields. (Photo file photo) MANILA - The main equities index recovered and rose to the 7,000-level on Friday but the peso weakened against the US dollar following the decline in the prices of oil in the international market. The Philippine Stock Exchange index (PSEi) inched up by 1.33 percent, or 91.99 points, to 7,018.02 po...

LOOMING RATE HIKES. The Philippine Stock Exchange index (PSEi) declines again on Thursday (April 7, 2022) on looming hikes in the Federal Reserve's key policy rates. However, the peso managed to gain against the US dollar. (Photo from PNA file) MANILA - Further rate tightening plans by the Federal Reserve continued to negatively impact the local stock barometer on Thursday but the peso improved against the US dollar. The Philippine Stock Exchange index (PSEi) shed 2.58 percent, or 183.23 points, to 6,926.03 points. All Shares declined by 2.10 percent, or 79.26 points, to 3,701.23 points. P...

MANILA - Risk-off sentiments on news saying the Federal Reserve will take a more aggressive tightening took over the local bourse on Wednesday, resulting in the negative close of all the counters, along with the peso. The Philippine Stock Exchange index (PSEi) slipped by 0.65 percent, or 46.81 points, to 7,109.26 points. All Shares followed with a decline of 0.45 percent, or 16.94 points, to 3,780.49 points. Holding Firms registered the biggest drop among the sectoral counters after it fell by 1.23 percent. It was trailed by Services, 0.52 percent; Financials, 0.33 percent; Property, 0.26 perc...