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LACK OF CATALYSTS. The lack of positive catalysts to drive a market rally resulted in the negative close of the Philippine Stock Exchange index (PSEi) on Wednesday (Feb. 22, 2023). The peso tracked the main index due to geopolitical issues overseas. (PNA graphics) MANILA - The local stock barometer closed lower on Wednesday amid a lack of positive catalysts to drive a market rally while the peso trailed behind. The Philippine Stock Exchange index (PSEi) shed 1.50 percent, or 101.73 points, to 6,699.23 points. All Shares trailed after it slipped by 1.17 percent, or 42.25 points, to 3,579.36 poi...

WAIT-AND-SEE STANCE. Concerns on elevated inflation rate and the rate adjustment decisions by monetary authorities here and in the United States resulted in the negative close of both the local bourse's main index and the peso on Friday (Feb. 17, 2023). Economists said investors remain on wait-and-see stance for the key rate decisions of the Bangko Sentral ng Pilipinas (BSP) and the Federal Reserve, both of which are expected to raise their respective rates by at least 50 basis points this year. (PNA graphics) MANILA - The local stock barometer ended the week lower on inflation concerns an...

SIDEWAYS. Both the Philippine Stock Exchange index (PSEi) and the peso finished trade sideways on Thursday (Feb. 16, 2023) despite the higher-than-expected expansion in US' retail sales last January. Anticipations for further hikes in the Federal Reserve and the Bangko Sentral ng Pilipinas' (BSP) key rates also continued to factor in the daily trading. (PNA graphics) MANILA - Both the local bourse's main index and the peso ended Thursday sideways amidst the higher-than-expected January retail sales report in the United States. The Philippine Stock Exchange index (PSEi) shed by 0.09...

AHEAD OF BSP RATE DECISION. The main equities index recovered on Wednesday (Feb. 15, 2023) even with anticipations for the rate decision of the Bangko Sentral ng Pilipinas (BSP) on Thursday and the higher-than-expected rise of US' January 2023 inflation rate. However, the peso slipped against the US dollar and closed the day at the 55-level. (PNA graphics) MANILA - The local stock barometer recovered on Thursday amid the rise in the United States consumer price index (CPI) for January 2023 while the peso slipped against the US dollar. After sliding for several days, the Philippine Stock Ex...

MIXED. The local stock barometer ended Tuesday (Feb. 14, 2023) down anew ahead of the policy rate setting meeting of the Bangko Sentral ng Pilipinas' (BSP) Monetary Board (MB) on Thursday (Feb. 16). On the other hand, the peso managed to keep its footing against the US dollar and ended the day sideways. (PNA graphics) MANILA - Risk-off sentiments resulted in another negative close of the local bourse's main index on Tuesday while the local currency ended sideways against the US dollar. The Philippine Stock Exchange index (PSEi) shed 0.69 percent or 47.52 points, to 6,791.24 points. All...