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REBOUNDS. The Philippine Stock Exchange index (PSEi) recovers on Friday (April 8, 2022) as investors continue to digest hawkish Federal Reserve officials' statements on policy rates. However, the peso depreciated against the US dollar after a jump in 10-year US Treasury yields. (Photo file photo) MANILA - The main equities index recovered and rose to the 7,000-level on Friday but the peso weakened against the US dollar following the decline in the prices of oil in the international market. The Philippine Stock Exchange index (PSEi) inched up by 1.33 percent, or 91.99 points, to 7,018.02 po...

MANILA - Risk-off sentiments on news saying the Federal Reserve will take a more aggressive tightening took over the local bourse on Wednesday, resulting in the negative close of all the counters, along with the peso. The Philippine Stock Exchange index (PSEi) slipped by 0.65 percent, or 46.81 points, to 7,109.26 points. All Shares followed with a decline of 0.45 percent, or 16.94 points, to 3,780.49 points. Holding Firms registered the biggest drop among the sectoral counters after it fell by 1.23 percent. It was trailed by Services, 0.52 percent; Financials, 0.33 percent; Property, 0.26 perc...

MANILA - The main equities index slipped on Tuesday following the uptick of domestic inflation rate last March to 4 percent but the peso gained against the US dollar. The Philippine Stock Exchange index (PSEi) dropped by 0.10 percent, or 7.14 points, to 7,156.07 points. All Shares slipped by 0.003 percent, or 0.11 points, to 3,797.43 points. Most of the sectoral gauges also fell during the day namely Property, 0.59 percent; Industrial, 0.24 percent; Holding Firms, 0.16 percent; and Services, 0.08 percent. On the other hand, Financials and Mining and Oil gained by 0.85 percent and 0.10 percent,...

MANILA - Bargain hunting lifted the main equities index on Monday ahead of the release of the March 2022 domestic inflation report while the peso tracked gains in the local bourse. The Philippine Stock Exchange index (PSEi) rose by 0.14 percent, or 10.33 points, to 7,163.21 points. All Shares followed with a jump of 0.24 percent, or 8.95 points, to 3,797.54 points. Most of the sectoral gauges tracked the main index, led by Mining and Oil with an increase of 1.43 percent. Industrial followed with a hike of 0.83 percent as well as Property, 0.73 percent; Services, 0.12 percent; and Financials, 0...

MANILA - Volatility during the first quarter of the year summarized the main equities index's negative close on Friday but the peso finished the day sideways against the greenback after a strong close on Thursday. The Philippine Stock Exchange index (PSEi) shed 0.70 percent, or 50.59 points, to 7,152.88 points. Its negative close was followed by all other counters, with the All Shares down by 0.61 percent, or 23.24 points, to 3,788.59 points. Holding Firms registered the highest decline among the sectoral indices and was trailed by Services, 0.73 percent; Financials, 0.66 percent; Industri...