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DIFFERENT DIRECTIONS. The local bourse's main index and the peso post corrections on Wednesday (Jan. 25, 2023) due partly to external factors. However, while the Philippine Stock Exchange index rose, the local currency weakened against the US dollar. (PNA graphics) MANILA - The local stock barometer recovered on Wednesday on positive earnings report from the United States but the peso weakened against the US dollar. The Philippine Stock Exchange index (PSEi) rose by 0.57 percent, or 39.86 points, to 7,081.36 points. All Shares followed with an increase of 0.44 percent, or 16.28 points, to ...

MIXED. The Philippine Stock Exchange index (PSEi) finishes Tuesday (Jan. 24, 2023) in the negative territory on more signs of weaker output for the United States economy this year. However, the peso gained against the US dollar on general weakness of the greenback. (PNA graphics) MANILA - Signs of slowing United States economy resulted in a slip of the local stock barometer on Tuesday but the peso posted an improvement against the US dollar. The Philippine Stock Exchange index (PSEi) shed 0.40 percent, or 28.18 points, to 7,041.50 points. All Shares trailed with a drop of 0.13 percent, or 4.77...

RESILIENT. The Philippines' main stock index ended up Monday amidst the trading holiday in Asian markets due to the Chinese New Year. The peso also kept its footing and ended flat against the US dollar partly due to dovish statements from Philippine and US monetary authorities as well as the rise of the Philippine Stock Exchange index (PSEi). (PNA file photo) MANILA - The local bourse managed to end higher in the week's first trading day amidst the suspension of trading in Asia due to the Chinese New Year, while the peso kept its footing against the US dollar. The Philippine Stock Exch...

PROFIT-TAKING. Investors took profit on Thursday (Jan. 19, 2023), resulting in the decline of the Philippine Stock Exchange index (PSEi). The decline in the PSEi affected the peso but the latter was bouyed partly by the drop in US Treasury yield and the rise in the country's balance of payment surplus in December 2022. (File photo) MANILA -The local bourse's main index posted a correction on Thursday, partly on profit-taking, while the peso ended the day sideways, backed partly by expectations for lower hikes in the Federal Reserve's key rates. The Philippine Stock Exchange index (...

UP.Expectations for positive producer price index (PPI) and retail sales reports in the US for December 2022 further lifted the local bourse's main index on Wednesday (Jan. 18, 2023). Sustained rise of the main index, along with optimism about the domestic economy's 2023 output also buoyed the peso against the US dollar. (PNA file graphics) MANILA - Optimism on the United States' retail sales as well as domestic output this year lifted sentiments in the local bourse, which also benefited the local currency on Wednesday. The Philippine Stock Exchange index (PSEi) sustained its climb...