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MANILA - The main equities index slipped on Tuesday following the uptick of domestic inflation rate last March to 4 percent but the peso gained against the US dollar. The Philippine Stock Exchange index (PSEi) dropped by 0.10 percent, or 7.14 points, to 7,156.07 points. All Shares slipped by 0.003 percent, or 0.11 points, to 3,797.43 points. Most of the sectoral gauges also fell during the day namely Property, 0.59 percent; Industrial, 0.24 percent; Holding Firms, 0.16 percent; and Services, 0.08 percent. On the other hand, Financials and Mining and Oil gained by 0.85 percent and 0.10 percent,...

MANILA - Bargain hunting lifted the main equities index on Monday ahead of the release of the March 2022 domestic inflation report while the peso tracked gains in the local bourse. The Philippine Stock Exchange index (PSEi) rose by 0.14 percent, or 10.33 points, to 7,163.21 points. All Shares followed with a jump of 0.24 percent, or 8.95 points, to 3,797.54 points. Most of the sectoral gauges tracked the main index, led by Mining and Oil with an increase of 1.43 percent. Industrial followed with a hike of 0.83 percent as well as Property, 0.73 percent; Services, 0.12 percent; and Financials, 0...

MANILA - Volatility during the first quarter of the year summarized the main equities index's negative close on Friday but the peso finished the day sideways against the greenback after a strong close on Thursday. The Philippine Stock Exchange index (PSEi) shed 0.70 percent, or 50.59 points, to 7,152.88 points. Its negative close was followed by all other counters, with the All Shares down by 0.61 percent, or 23.24 points, to 3,788.59 points. Holding Firms registered the highest decline among the sectoral indices and was trailed by Services, 0.73 percent; Financials, 0.66 percent; Industri...

MANILA - Bargain hunting lifted the local stocks index on Thursday while the peso improved to the 51-level against the US dollar. The Philippine Stock Exchange index (PSEi) rose by 0.51 percent, or 36.45 points, to 7,203.47 points. All Shares followed with a jump of 0.45 percent, or 17.08 points, to 3,811.83 points. Most of the sectoral counters also gained during the day, led by Holding Firms, which rose 1.03 percent. It was trailed by Financials, 0.78 percent; Industrial, 0.68 percent; Services, 0.67 percent; and Mining and Oil, 0.38 percent. Only the Property index finished in the negative ...

MANILA - The local stock barometer posted a new three-week high on Wednesday and it was trailed by the peso, which touched the 51-level to a US dollar mid-trade. The Philippine Stock Exchange index (PSEi) inched up by 0.73 percent, or 51.93 points, to 7,167.02 points. Rizal Commercial Banking Corporation (RCBC) chief economist Michael Ricafort said the main stocks index registered its "new three-week highs or since March 8, 2022, as global market risk appetite improved recently with the easing of global oil prices to among one-week lows, thereby supporting the recent gains in the US/globa...