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DIFFERENT DIRECTIONS. Within-expected growth of the domestic economy in the last quarter of 2022 factored in the day's equities trading although investors' appetite was primarily driven by wait-and-see stance for more corporate earnings reports by listed firms in the local bourse and the US. On the other hand, the peso gained against the US dollar. (PNA graphics) MANILA - The local stock barometer ended Thursday down as investors monitored corporate earnings reports of listed firms both here and in the United States while the peso gained against the US dollar. The Philippine Stock Exch...

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...

RECESSION FEARS. Philippines' main stocks index ended the week sideways after rising to the 7,000-level in the middle of this week as investors continue to see sustained hikes in the Federal Reserve's key rates this year. Relativey, recession fears, among others, affected the peso's trading with the US dollar this week despite the depreciation of the greenback against other major currencies. (PNA graphics) MANILA -Both the local bourse's main index and the peso ended the week sideways as their US counterparts weaken on signs of recession, among others, in the world's larges...