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MANILA - Profit taking resulted in the negative close of the main equities index on Thursday but the local currency gained against the US dollar. The Philippine Stock Exchange index (PSEi) shed 0.93 percent, or 69.86 points, to 7,432.62 points. All Shares followed with a drop of 0.68 percent, or 26.84 points, to 3,924.74 points. Most of the sectoral gauges also finished the day's trade in the negative territory namely Holding Firms, 1.82 percent; Services, 1.70 percent; and Industrial, 0.61 percent. On the other hand, Financials moved sideways with a decline of 0.03 percent while Mining an...

MANILA - The main equities index rose anew on Wednesday on bargain hunting while the peso mirrored the gains after several days of depreciation. The Philippine Stock Exchange index (PSEi) gained 0.59 percent, or 44.25 points, to 7,502.48 points. All Shares increased by 0.57 percent, or 22.40 points, to 3,951.58 points. The majority of the sectoral gauges tracked the main index with Property rising by 2.35 percent; Services, 1.31 percent; Mining and Oil, 0.49 percent; Industrial, 0.35 percent; and Financials, 0.20 percent. Only Holding firms shed during the day after it fell 0.53 percent. Volum...

MANILA - The Philippine Stock Exchange index (PSEi) recovered on Tuesday but the peso weakened against the US dollar. The local stock barometer rose by 1.06 percent, or 77.93 points, to 7,458.23 points. All Shares followed with a jump of 0.76 percent, or 29.57 points, to 3,929.18 points. Most of the sectoral indices also gained during the day with Holding Firms rising by 1.52 percent; Services, 1.43 percent; Industrial, 1.09 percent; Mining and Oil, 1.02 percent; and Property, 0.59 percent. Only Financial moved sideways after it fell 0.08 percent. Volume reached 1.07 billion shares amounting t...

MANILA - The stock market ended Monday in the negative territory ahead of the realignment in the list of companies included in the Philippine Stock Exchange index (PSEi) and the peso followed. The local stock barometer declined by 1.02 percent, or 76.05 points, to 7,380.30 points. All Shares followed with a drop of 0.87 percent, or 34.33 points, to 3,899.61 points. Most of the sectoral indices also finished the day in the red namely Holding Firms, 1.87 percent; Property, 1.78 percent; Industrial, 1.21 percent; and Services, 0.20 percent. On the other hand, Financials rose by 0.90 percent and M...

Philippine Stock Exchange (File photo) MANILA - Deceleration of domestic inflation rate in January 2020 allowed the main stock index to finish the week up but the peso weakened as oil prices in the international market continued to increase. The Philippine Stock Exchange index (PSEi) rose by 1 percent, or 73.58 points, to 7,456.35 points. All Shares followed with an increase of 0.71 percent, or 27.74 points, to 3,933.94 points. Majority of the sectoral indices also gained during the day -- Mining and Oil, 1.99 percent; Holding Firms, 1.64 percent; Property, 1.63 percent; and Industrial, 0.58 p...