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MANILA - Both the local stock market and Philippine peso ended Thursday's trading higher as investors' sentiment remains optimistic with better turnout of employment and inflation data despite the threats of Omicron variant. The Philippine Stock Exchange index (PSEi) finished 1.23 percent higher this day, up by 87.62 points to 7,234.92 points from Tuesday's trading. Stock market was closed on Wednesday as the Feast of Immaculate Conception is a holiday in the country. All shares went up by 0.97 percent, or 37.04 points, to 3,842.55. "Philippine shares climbed higher on Thursda...

MANILA - Lower inflation and unemployment rates have pushed local shares to continue gains while the peso slightly improved on Tuesday. The Philippine Stock Exchange index (PSEi) increased by 16.56 points, or 0.23 percent, to 7,147.30. However, the local bourse has yet to recover its losses since shares started to decline from 7,400-level last November 25 as news on the Omicron variant emerged. "Philippine shares continued to rebound on reports that the Omicron variant is less severe than expected," Regina Capital Development Corp. managing director Luis Limlingan said. On Tuesday, t...

MANILA -The Philippine Stock Exchange index (PSEi) closed the week in the green while the peso slightly gained on Friday. The PSEi continued to recover its losses after a volatile trading since news of the Omicron variant emerged in late November. The local stock market increased by 22.65 points, or 0.32 percent, to 7,055.9, with All Shares rising 17.70 points, or 0.47 percent, to 3,790.20. Half of the counters gained including Property, up by 72.66 points to 3,216.71; Financials, up by 20.51 points to 1,558.49; and Services, up by 8.42 points to 1,938.52. Losers were led by Mining and Oil, do...

MANILA - Local shares bounced back on Thursday as bargain hunters looked for markets with no presence yet of the Omicron variant of the coronavirus disease 2019 (Covid-19), while the peso ended the day's trading almost unchanged. After dipping below the 7,000-level on Wednesday, the Philippine Stock Exchange index (PSEi) rebounded to 7,032.54, increasing by 85.48 points, or 1.23 percent. All Shares increased by 38.12 points, or 1.02 percent, to 3,772.50. All counters gained during the day's trading, led by Mining and Oil, finishing at 9,468.83 points, followed by Industrial, Holding Fi...

MANILA - The Philippine Stock Exchange index (PSEi) continued to suffer amid fears among investors from possible impacts of the Omicron variant as it plunged from the 7,000-level at the start of the month. The PSEi shed 253.82 points, or 3.53 percent, to end Wednesday trading at 6,947.06. All shares plummeted by 103.75 points, or 2.70 percent, to 3,734.38. "Philippine shares suffered one of the biggest losses of the year as Omicron fears continue to rule market sentiment," Regina Capital Development Corp. managing director Luis Limlingan said. Limlingan added PSEi followed the tradin...