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MANILA - The Philippine Stock Exchange index (PSEi) finished Monday in the negative territory due partly to upticks in coronavirus disease 2019 (Covid-19) Omicron variant infections globally, while the peso managed to end sideways against the greenback. The main equities index shed 0.82 percent, or 60.05 points, to 7,237.61 points. All Shares followed with a drop of 0.60 percent, or 23.21 points, to 3,828.38 points. Most of the sectoral indexes also fell during the day with the Mining and Oil declining by 1.22 percent; Industrial, 1.15 percent; Holding Firms, 1.11 percent; Services, 1.05 perce...

MANILA - The main stocks index finished the week up partly on the Financial Times Stock Exchange (FTSE) rebalancing while the peso ended sideways against the US dollar. The Philippine Stock Exchange index (PSEi) gained 0.89 percent, or 64.40 points, to 7,297.66 points. All Shares followed with a jump of 0.40 percent, or 15.48 points, to 3,851.59 points. Most of the sectoral counters also ended the week on a positive note - Holding Firms, 1.46 percent; Property, 0.87 percent; Services, 0.81 percent; and Financials, 0.10 percent. On the other hand, Mining and Oil shed 0.57 percent and Industrial...

MANILA - The detection of two imported cases of the Omicron variant in the Philippines resulted in the negative close of the main equities index on Wednesday, but the peso managed to end sideways against the US dollar. All the counters in the local bourse finished in the negative territory, with the Philippine Stock Exchange index (PSEi) down by 1.51 percent, or 109.41 points, to 7,132.58 points. All Shares contracted by 1.54 percent, or 59.1 points, to 3,782.59 points. The Property index posted the highest decrease among the sectoral gauges after it dropped by 2.34 percent. It was followed by...

MANILA - Anticipation for the policy decisions of several central banks this week resulted in bargain hunting in the local bourse on Tuesday while the peso ended little changed against the greenback. The Philippine Stock Exchange index (PSEi) gained 0.62 percent, or 44.38 points, to 7,241.99 points. All Shares followed with a jump of 0.23 percent, or 8.90 points, to 3,841.69 points. On the other hand, most of the sectoral indexes finished the day in the negative territory with the Services declining by 0.51 percent; Mining and Oil, 0.40 percent; Industrial, 0.38 percent; and Property, 0.22 per...

MANILA - The Philippine Stock Exchange index (PSEi) and the local currency both closed the week lower. All counters closed in the negative territory with PSEi slipping by 0.59 percent, or 42.75 points to 7,192.17. All shares fell by 0.31 percent, or 12.12 points, to 3,830.43. "Local shares were sold as investors took in some of their profits ahead of the CPI (consumer price index) data release this Friday in the US," Regina Capital Development Corp. head of sales Luis Limlingan said. Limlingan said economists expect the November inflation in the US to hit 6.7 percent year on year, wh...