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HIGHER. The Philippines' main equities index ended Friday (Feb. 3, 2023) up partly on positive earnings report of local and US-based listed firms. The peso gained further against the US dollar and posted a new low in more than seven months on the back of the improvement in the PSEi, the drop in the country's liabilities, and the general weakness of the US dollar. (PNA graphics) MANILA - Positive earnings reports of listed firms here and in the United States helped boost the local bourse's main index on Friday while the peso strengthened further against the US dollar. The Philippine...

UP. Amidst inflation concerns, among others, the Philippine Stock Exchange index (PSEi) recovered and finished Wednesday (Feb. 1, 2023) up. The local currency gained against the US dollar even ahead of the rate decision announcement by the Federal Reserve. (PNA graphics) MANILA - Risk-on sentiments returned to the local financial market on Wednesday amid inflation concerns, among others, and allowed both the main equities index and the peso to close the day with gains. After several days of slide, the Philippine Stock Exchange index (PSEi) rose by 3.57 percent, or 242.51 points, to 7,035.76 po...

WEAKER. Both the Philippine Stock Exchange index (PSEi) and the peso ended weaker on Tuesday (Jan. 31, 2023) as the Federal Open Market Committee (FOMC) started its two-day meeting. The Federal Reserve is expected to announce a 25 basis points increase on its key rates on Feb. 1 (Manila time). (PNA graphics) MANILA - Investors stayed at the sidelines on Tuesday as the Federal Open Market Committee (FOMC) started its two-day meeting, resulting in the negative close of both the local bourse's main index and the peso. The Philippine Stock Exchange index (PSEi) shed 2.55 percent, or 177.72 poi...

EXPANSION. The Philippine Stock Exchange index (PSEi) gained on Friday (Jan. 27, 2023) after the better-than-expected growth of the US economy in the last quarter of 2022, as well as the higher-than-expected full-year output of the Philippine economy last year. On the other hand, correction resulted in the sideways close of the peso against the US dollar. (PNA graphics) MANILA - The higher-than-expected expansion of the domestic economy and the United States last year lifted sentiments and helped the local bourse's main index to finish the week higher, while the peso closed sideways agains...

DIFFERENT DIRECTIONS. Within-expected growth of the domestic economy in the last quarter of 2022 factored in the day's equities trading although investors' appetite was primarily driven by wait-and-see stance for more corporate earnings reports by listed firms in the local bourse and the US. On the other hand, the peso gained against the US dollar. (PNA graphics) MANILA - The local stock barometer ended Thursday down as investors monitored corporate earnings reports of listed firms both here and in the United States while the peso gained against the US dollar. The Philippine Stock Exch...