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MANILA - The main stocks index finished the week up partly on the Financial Times Stock Exchange (FTSE) rebalancing while the peso ended sideways against the US dollar. The Philippine Stock Exchange index (PSEi) gained 0.89 percent, or 64.40 points, to 7,297.66 points. All Shares followed with a jump of 0.40 percent, or 15.48 points, to 3,851.59 points. Most of the sectoral counters also ended the week on a positive note - Holding Firms, 1.46 percent; Property, 0.87 percent; Services, 0.81 percent; and Financials, 0.10 percent. On the other hand, Mining and Oil shed 0.57 percent and Industrial...

MANILA - Risk-on sentiments, partly due to a clearer timeline of the Federal Reserve's asset purchases tapering, fueled the improvement of both the local bourse and the Philippine peso, which strengthened to the 49-level on Thursday. The Philippine Stock Exchange index (PSEi) rose by 1.41 percent, or 100.68 points, to 7,233.26 points. All Shares posted the same jump of 1.41 percent to 3,836.11 points or 53.52 points. Services registered the highest increase among the sectoral indexes after rising by 2.8 percent and were trailed by Industrial, 1.54 percent; Holding Firms, 1.27 percent; Fina...

MANILA - The detection of two imported cases of the Omicron variant in the Philippines resulted in the negative close of the main equities index on Wednesday, but the peso managed to end sideways against the US dollar. All the counters in the local bourse finished in the negative territory, with the Philippine Stock Exchange index (PSEi) down by 1.51 percent, or 109.41 points, to 7,132.58 points. All Shares contracted by 1.54 percent, or 59.1 points, to 3,782.59 points. The Property index posted the highest decrease among the sectoral gauges after it dropped by 2.34 percent. It was followed by...

MANILA - Anticipation for the policy decisions of several central banks this week resulted in bargain hunting in the local bourse on Tuesday while the peso ended little changed against the greenback. The Philippine Stock Exchange index (PSEi) gained 0.62 percent, or 44.38 points, to 7,241.99 points. All Shares followed with a jump of 0.23 percent, or 8.90 points, to 3,841.69 points. On the other hand, most of the sectoral indexes finished the day in the negative territory with the Services declining by 0.51 percent; Mining and Oil, 0.40 percent; Industrial, 0.38 percent; and Property, 0.22 per...

MANILA - Investors' wait-and-see stance for US data on retail sales and jobless claims, among others, resulted in the sideways close of both the Philippine Stock Exchange index (PSEi) and the peso on Monday. The main equities index finished the week's first trading day up by 0.08 percent, or 5.44 points, to 7,197.61 points. All Shares followed with a 0.06 percent, or 2.36 points, increase to 3,832.79 points. Half of the sectoral counters gained during the day and these are the Financials, 1.07 percent; Property, 1.06 percent; and Mining and Oil, 0.69 percent. On the other hand, Service...