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WORRIED INVESTORS. Concerns on the next policy rate decision of the Federal Reserve continue to worry investors, resulting in another negative close of the local bourse's main index on Thursday (Feb. 23, 2023). On the other hand, the peso improved against the US dollar partly on the robust inflows of foreign portfolio investments and the ratification by the Senate of the Regional Comprehensive Economic Partnership trade deal. (PNA graphics) MANILA Risk-off sentiments continued to weigh on the local bourse, resulting in another negative close for the Philippine Stock Exchange index (PSEi), but the peso recovered against the greenback. The PSEi went down by 0.20 percent, or 13.33 points, to 6,685.90 points. All Shares also went down by 20 percent, or 7.16 points, to 3,572.20 points. Most of the sectoral gauges also ended the day in the negative territory -Property, 0.75 percent; Financials, 0.59 percent; Mining and Oil, 0.47 percent; and Holding Firms, 0.20 percent. On the other ha ....
MIXED. Positive earnings reports by local listed firms lifted the Philippine Stock Exchange index (PSEi) on Tuesday (Feb. 21, 2023), an improvement after several days of slide. On the other hand, the local currency weakened against the US dollar partly on investors' concerns on the elevated inflation rate and the path of the Federal Reserve's key rates. (PNA graphics) MANILA - The local bourse's main index recovered on Tuesday after a three-day decline, boosted by positive earnings reports by local listed firms, but the peso weakened against the United States dollar. The Philippine Stock Exchange index (PSEi) gained 0.84 percent, or 56.84 points, to 6,800.96 points. All Shares followed with a rise of 0.38 percent, or 13.86 points to 3,621.61 points. Most of the sectoral gauges also tracked the main index, led by Financials after it rose by 1.57 percent. It was trailed by Holding Firms, 1.29 percent; Mining and Oil, 1.24 percent; Property, 0.60 percent; and Industrial, 0.12 ....
WAIT-AND-SEE STANCE. Concerns on elevated inflation rate and the rate adjustment decisions by monetary authorities here and in the United States resulted in the negative close of both the local bourse's main index and the peso on Friday (Feb. 17, 2023). Economists said investors remain on wait-and-see stance for the key rate decisions of the Bangko Sentral ng Pilipinas (BSP) and the Federal Reserve, both of which are expected to raise their respective rates by at least 50 basis points this year. (PNA graphics) MANILA - The local stock barometer ended the week lower on inflation concerns and central banks' rate hiking path and this was mirrored by the local currency. The Philippine Stock Exchange index (PSEi) shed 0.54 percent, or 36.89 points, to 6,779.02 points. All Shares followed with a decline of 0.48 percent, or 17.39 points, to 3,621.69 points. Most of the sectoral gauges also finished the day down, led by Property after it fell by 1.75 percent. Industrial trailed after s ....
MIXED. The local stock barometer ended Tuesday (Feb. 14, 2023) down anew ahead of the policy rate setting meeting of the Bangko Sentral ng Pilipinas' (BSP) Monetary Board (MB) on Thursday (Feb. 16). On the other hand, the peso managed to keep its footing against the US dollar and ended the day sideways. (PNA graphics) MANILA - Risk-off sentiments resulted in another negative close of the local bourse's main index on Tuesday while the local currency ended sideways against the US dollar. The Philippine Stock Exchange index (PSEi) shed 0.69 percent or 47.52 points, to 6,791.24 points. All Shares slipped by 0.31 percent, or 11.31 points, to 3,631.65 points. All the sectoral gauges also finished the day in the negative territory, led by Property after it fell by 0.93 percent. It was trailed by Holding Firms, 0.70 percent; Financials, 0.52 percent; Services, 0.33 percent; Mining and Oil, 0.28 percent; and Industrial, 0.15 percent. Volume was thin at 969.2 million shares amounting to ....
EASING INFLATION. Decelerating consumer price index (CPI) in the US, which Federal Reserve Chair Jerome Powell cited in his speech on Tuesday (Feb. 8, 2023), helped appease investors' sentiment that resulted in the recovery of the local stock barometer on Wednesday. This development also lifted the peso against the US dollar during the day. (PNA file photo) MANILA - The local bourse's main index recovered on Wednesday after Federal Reserve Chair Jerome Powell noted the decelerating United States consumer price index (CPI), while the peso gained to a greenback. The Philippine Stock Exchange index (PSEi) rose by 0.61 percent, or 41.82 points, to 6,923.08 points. All Shares followed with a jump of 0.53 percent, or 19.26 points, to 3,675.01 points. Most of the sectoral gauges also rose during the day, led by Mining and Oil after it increased by 3.48 percent. It was trailed by Financials, 1.58 percent; Property, 1.34 percent; Services, 0.67 percent; and Industrial, 0.66 percent. Onl ....