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MANILA - Bargain hunting lifted the local stocks index on Thursday while the peso improved to the 51-level against the US dollar. The Philippine Stock Exchange index (PSEi) rose by 0.51 percent, or 36.45 points, to 7,203.47 points. All Shares followed with a jump of 0.45 percent, or 17.08 points, to 3,811.83 points. Most of the sectoral counters also gained during the day, led by Holding Firms, which rose 1.03 percent. It was trailed by Financials, 0.78 percent; Industrial, 0.68 percent; Services, 0.67 percent; and Mining and Oil, 0.38 percent. Only the Property index finished in the negative ...

MANILA - The local stock barometer posted a new three-week high on Wednesday and it was trailed by the peso, which touched the 51-level to a US dollar mid-trade. The Philippine Stock Exchange index (PSEi) inched up by 0.73 percent, or 51.93 points, to 7,167.02 points. Rizal Commercial Banking Corporation (RCBC) chief economist Michael Ricafort said the main stocks index registered its "new three-week highs or since March 8, 2022, as global market risk appetite improved recently with the easing of global oil prices to among one-week lows, thereby supporting the recent gains in the US/globa...

MANILA - The release of economic data this week, which are expected to impact Federal Reserve's rate decisions, dampened the local stock barometer on Tuesday but the peso managed to keep its footing against the US dollar. The Philippine Stock Exchange index (PSEi) shed 0.27 percent, or 19.27 points, to 7,115.09 points. All Shares slipped by 0.30 percent, or 11.52 points, to 3,770.53 points. Most of the sectoral gauges tracked the main index namely Mining and Oil, 3.99 percent; Holding Firms, 0.71 percent; Services, 0.49 percent; and Property, 0.22 percent. On the other hand, Industrial ros...

MANILA - Bargain hunting allowed the Philippine Stock Exchange index (PSEi) to finish Monday in a positive territory anew while the peso ended sideways against the US dollar. The local stock barometer rose by 0.13 percent, or 9.52 points, to 7,134.36 points. All Shares followed with a jump of 0.20 percent, or 7.46 points, to 3,782.05 points. Two of the sectoral gauges tracked the main index namely Industrial, 0.84 percent; and Holding Firms, 0.48 percent. However, most of the sectoral indices slipped during the day namely Mining and Oil, 0.87 percent; Services, 0.45 percent; Property, 0.24 per...

MANILA - Both the main stocks index and the peso gained on Friday partly on improvement of jobless claims in the US, which posted its lowest since 1969. The Philippine Stock Exchange index (PSEi) rose by 0.60 percent, or 42.23 points, to 7,124.84 points. All Shares followed with a jump of 0.41 percent, or 15.24 points, to 3,774.59 points. Most of the sectoral indices also gained during the day including Financials, 1.27 percent; Services, 1.24 percent; Holding Firms, 0.39 percent; and Industrial, 0.37 percent. On the other hand, Mining and Oil fell by 0.57 percent and Property by 0.26 percent....