Page 19 - O 7 News Today : Breaking News, Live Updates & Top Stories | Vimarsana

MANILA - Lower inflation and unemployment rates have pushed local shares to continue gains while the peso slightly improved on Tuesday. The Philippine Stock Exchange index (PSEi) increased by 16.56 points, or 0.23 percent, to 7,147.30. However, the local bourse has yet to recover its losses since shares started to decline from 7,400-level last November 25 as news on the Omicron variant emerged. "Philippine shares continued to rebound on reports that the Omicron variant is less severe than expected," Regina Capital Development Corp. managing director Luis Limlingan said. On Tuesday, t...

MANILA - The Philippine Stock Exchange index (PSEi) ended in the positive territory while the peso slightly shed against the US dollar on Monday's trading. The local stock market gained 75.55 points, or 1.07 percent, to 7,130.74. All shares also increased by 26.64 points, or 0.58 percent, to 1,585.13. All counters finished this trading with increments except for the Mining and Oil index whose shares declined by 123.06 points, or 1.31 percent, to 9,238.97. Leading the gains is Industrial, which shares went up by 76.18 points to 10,383.23. This is followed by Services, up by 38.24 points to ...

MANILA -The Philippine Stock Exchange index (PSEi) closed the week in the green while the peso slightly gained on Friday. The PSEi continued to recover its losses after a volatile trading since news of the Omicron variant emerged in late November. The local stock market increased by 22.65 points, or 0.32 percent, to 7,055.9, with All Shares rising 17.70 points, or 0.47 percent, to 3,790.20. Half of the counters gained including Property, up by 72.66 points to 3,216.71; Financials, up by 20.51 points to 1,558.49; and Services, up by 8.42 points to 1,938.52. Losers were led by Mining and Oil, do...

MANILA - The Philippine Stock Exchange index (PSEi) slipped by 1.07 percent, or 77.56 points, to 7,200.88 Monday as the new coronavirus disease 2019 (Covid-19) variant continues to bring concerns among investors. All shares went down by 0.86 percent, or 33.26 points, to 3,838.13. All counters ended in the negative territory, except for the Services index, which rose by 0.51 percent, or 10 points, to 1,986.48. "Philippine shares plunged to end the month of November as the new Covid-19 variant found in South Africa triggered a global shift away from risk assets. Heading into the week, Covid...

MANILA - The peso moved sideways while the local bourse mirrored most Southeast Asian markets which declined over the new coronavirus disease 2019 (Covid-19) variant. The Philippine Stock Exchange index (PSEi) declined by 79.47 points, or 1.08 percent, to 7,289.80. All shares also shed by 33.12 points, or 0.85 percent, closing the day at 3,880.15. "The local bourse joined its regional peers in the red territory this Friday as Covid-19 worries resurface. This comes amid growing concerns over a new variant, B.1.1.529, in South Africa which is seen to have a high number of mutations," P...