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MANILA - Bargain hunters reigned in the local bourse on Thursday resulting in the negative close of the main index, but the local currency finished sideways against the US dollar. The Philippine Stock Exchange index (PSEi) shed 1.02 percent, or 76.22 points, to 7,382.77 points. All Shares declined by 0.68 percent, or 26.87 points, to 3,906.20 points. Property posted the biggest drop among the indices after it fell by 1.54 percent. It was trailed by Holding Firms, 1.49 percent; Industrial, 0.55 percent; Mining and Oil, 0.47 percent; Financials, 0.29 percent; and Services, 0.04 percent. Volume r...

MANILA - Risk-on sentiments again boosted the Philippine Stock Exchange index (PSEi) on Wednesday but the peso depreciated against the US dollar. The main stock index gained 1.32 percent, or 97.34 points, to 7,458.99 points. All Shares rose by 0.74 percent, or 28.87 points, to 3,933.07 points. Most of the sectoral gauges also jumped during the day, led by Property after it increased by 3.02 percent. It was trailed by Financials, 2.50 percent; Mining and Oil, 1.08 percent; Services, 0.74 percent; and Holding Firms, 0.58. Only the Industrial index fell during the day after it slipped by 0.17 per...

MANILA - Federal Reserve rate hikes anticipation and reports of higher-than-expected growth of the Philippine and US economies in the last quarter of 2021 hurt the local bourse's main index on Friday but the peso improved. The Philippine Stock Exchange index (PSEi) shed 0.30 percent, or 21.55 points, to 7,251.97 points. All Shares followed with a drop of 0.14 percent, or 5.41 points, to 3,856.08 points. Most of the sectoral counters also finished the week in the red - Property, 1.70 percent; Services, 1.39 percent; Holding Firms, 0.96 percent; and Mining and Oil, 0.18 percent. On the other...

MANILA - Above-expectations expansion of the economy in the last quarter of 2021 pushed the local stocks gauge higher on Thursday while the peso finished sideways against the US dollar. The Philippine Stock Exchange index (PSEi) rose by 0.27 percent, or 19.91 points, to 7,273.52 points. All Shares followed with a jump of 0.14 percent, or 5.38 points, to 3,861.49 points. Most of the sectoral gauges also improved during the day, namely Financials, 1.34 percent; Services, 0.62 percent; Industrial, 0.32 percent; and Property, 0.004 percent. On the other hand, Mining and Oil fell by 1.99 percent an...

MANILA - The wait-and-see stance on the Federal Reserve's decision this week made investors wary, resulting in the negative close of the Philippine Stock Exchange index (PSEi) on Wednesday, but the peso finished sideways against the US dollar. The main stocks index shed 0.47 percent, or 34.6 points, to 7,253.61 points due partly to the Federal Open Market Committee's (FOMC) two-day meeting from January 25 to 26. All Shares followed after it declined by 0.22 percent, or 8.37 points, to 3,856.11 points. Majority of the sectoral indices tracked the main gauge --Financials, 1.01 percent; P...