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(PNA graphics) MANILA - All the counters in the local bourse traded on the red on Monday partly ahead of the Federal Reserve meeting this week but the peso managed to finish the day sideways against the greenback. The Philippine Stock Exchange index (PSEi) shed by 1.70 percent, or 111.35 points, to 6,437.42 points. All Shares followed with a decline of 1.39 percent, or 48.41 points, to 3,426.00 points. Holding Firms led the sectoral gauges in terms of losses after it fell 2.67 percent and was trailed by Services, 1.50 percent; Property, 1.46 percent; Industrial, 1.03 percent; Financials, 0.68 ...

ANOTHER RATE HIKE. Anticipations for another increase in the Federal Reserve's key policy rates next week resulted in the negative close of both the Philippines' main stocks gauge and the peso on Friday (Sept. 16, 2022). The local unit even registered another all-time low against the greenback. (PNA graphics) MANILA - Risk-off sentiments reigned in both the local bourse and the foreign currency market on Friday, with the peso posting another all-time low against the US dollar, ahead of the Federal Reserve meeting next week. The peso posted another all-time low against the US dollar at ...

MIXED. Sentiments in the local bourse are mixed on Tuesday (Sept. 13, 2022), resulting in the main index's decline ahead of the release of US' August 2022 inflation report later in the day. However, the peso gained against the US dollar. (PNA graphics) MANILA - The local stock barometer ended its rally on Tuesday ahead of the release of the United States August consumer price index (CPI) report but the peso strengthened against the greenback. After a two-day rally, the Philippine Stock Exchange index (PSEi) declined by 0.21 percent, or 13.94 points, to 6,701.81 points. All Shares slipp...

WAIT-AND-SEE STANCE. Investors decide to stay at the sidelines while awaiting the release of US' August 2022 consumer price index (CPI) report, which will be out on Tuesday (Sept. 13, 2022). This resulted in the rise of the local bourse's main index and the sideways finish for the peso. (PNA graphics) MANILA - The local stock barometer started the week up ahead of the release of United States August 2022 inflation report while the peso finished sideways against the US dollar. The Philippine Stock Exchange index (PSEi) rose by 1.66 percent, or 109.75 points, to 6,715.75 points. All Shar...

(PNA graphics) MANILA - The Philippines' main stocks index sustained its rise and finished the week up, tracking its United States counterparts, a performance mirrored by the peso, which appreciated to the PHP56 level to the greenback. The Philippine Stock Exchange index (PSEi) gained 0.19 percent, or 12.26 points, to 6,606.00 points. On the other hand, All Shares ended almost unchanged with a rise of 0.04 percent, or 1.27 points, to 3,506.47 points. Most of the sectoral indices also gained during the day - Holding Firms, 1.02 percent; Mining and Oil, 0.92 percent; Financials, 0.78 percent...