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MANILA - Geopolitical concerns overseas continued to hurt the local stock barometer and resulted in its negative close on Wednesday but the peso gained against the US dollar. The Philippine Stock Exchange index (PSEi) lost 1.03 percent, or 76.7 points, to 7,364.21 points. All Shares dropped by 0.52 percent, or 20.65 points, to 3,917.86 points. Most of the sectoral indices also tracked the main gauge with Property declining 2.17 percent; Holding Firms, 0.78 percent; Industrial, 0.75 percent; and Financials, 0.53 percent. On the other hand, Services gained 0.23 percent and Mining and Oil by 0.12...

MANILA - The main stocks index rebounded on Tuesday on news about a possible ceasefire in the Russia-Ukraine conflict while the peso continued its sideways close against the US dollar. The Philippine Stock Exchange index (PSEi) rose by 0.93 percent, or 68.66 points, to 7,440.91 points. All Shares followed with a jump of 0.56 percent, or 21.85 points, to 3,938.51 points. Most of the sectoral indices also gained during the day, namely Holding Firms, 1.91 percent; Mining and Oil, 1.86 percent; Services, 1.14 percent; and Industrial, 0.45 percent. On the other hand, Property declined by 0.22 perce...

MANILA - Geopolitical concerns between the United States and Russia over Ukraine continued to worry investors, resulting in the negative close of the Philippine Stock Exchange index (PSEi) on Monday but the peso remained firm against the US dollar. The main equities index fell by 0.63 percent, or 46.54 points, to 7,372.25 points. All Shares shed 0.18 percent, or 7.03 points, to 3,916.66 points. Half of the sectoral gauges tracked the main index - Holding Firms, 2.38 percent; Services, 1.07 percent; and Industrial, 0.97 percent. On the other hand, Property rose by 2.14 percent, Mining and Oil b...

MANILA - The Philippines' main equities index finished the week on the red on Ukraine-Russia concerns but the peso managed to finish sideways against the greenback. The Philippine Stock Exchange index (PSEi) shed 0.27 percent, or 20.14 points, to 7,418.79 points. All Shares also declined by 0.27 percent, or 10.62 points, to 3,923.69 points. A majority of the sectoral indices also finished the week on the red, led by Industrial at 0.85 percent. It was trailed by Holding Firms, 0.57 percent; Services, 0.50 percent; and Financials, 0.30 percent. On the other hand, Property rose by 1.16 percen...

MANILA - News about the possible Federal Reserve rate decision and the Ukraine-Russia geopolitical concerns resulted in the negative close of the local stock barometer on Thursday, but the peso finished sideways against the US dollar. The Philippine Stock Exchange index (PSEi) shed 0.19 percent, or 13.89 points, to 7,438.93 points. All Shares, on the other hand, gained 0.10 percent, or 3.77 points, to 3,934.31 points. Half of the sectoral gauges also finished the day on the red namely Property which declined 0.62 percent; Holding Firms, 0.15 percent; and Financials, 0.05 percent. Services gain...