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FED RATE HIKE. The local stock barometer recovers on Monday (April 25, 2022) as earnings report season starts, and on expectations for further hikes in the Federal Reserve's key rates. However, the peso weakened against the US dollar. (PNA file photo) MANILA - The main stock gauge started the week up on investors' anticipation for another increase in the Federal Reserve's key rates in May, but the peso weakened against the US dollar. After a slump at the end of last week's trading, the Philippine Stock Exchange index (PSEi) recovered and jumped by 0.32 percent, or 22.24 points,...

DOWN ANEW. Profit-taking results in the negative close of the Philippine Stock Exchange index (PSEi) on Thursday (April 21, 2022). However, the peso gained against the US dollar. (PNA file photo) MANILA - The main stocks index slipped on Thursday after several days on the rise but the peso gained against the US dollar. The Philippine Stock Exchange index (PSEi) shed 1.13 percent, or 80.93 points, to 7,061.49 points. All Shares followed with a drop of 0.65 percent, or 24.59 points, to 3,752.54 points. Most of the sectoral gauges also finished the day on the red, led by Property, which fell by 2...

TRADING STRONGER. The local stock barometer surges Wednesday (April 20, 2022) on the back of stronger than expected US corporate earnings. The Philippine peso closed almost unchanged. MANILA - The Philippine Stock Exchange index (PSEi) ended Wednesday's trading stronger, while the local currency traded sideways. The PSEi closed the day's trading higher by 1.49 percent, or 104.68 points, to 7,142.42. All shares also rose by 0.91 percent to 3,777.13, up by 34.21 points, from Tuesday. Except for Mining and Oil, the rest of the counters gained on this day's trading, with improvements f...

BARGAIN HUNTING. The local stock barometer rises on Tuesday (April 19, 2022) on bargain hunting amid rising commodity prices and interest rates. However, the peso weakened against the US dollar. (PNA file photo) MANILA - Bargain hunting lifted all counters in the local bourse on Tuesday amid rising commodity prices and interest rates, but the peso depreciated against the US dollar. The Philippine Stock Exchange index (PSEi) rose by 0.60 percent, or 41.63 points, to 7,037.74 points. All Shares jumped by 0.51 percent, or 18.96 points, to 3,742.92 points. Mining and Oil led the sectoral indices w...