Last week Share prices gained following weeks of declines as investors were elated by the lower-than-expected inflation and a better GDP growth rate in the third quarter, which was above the expectation of analysts. The benchmark Philippine Stock Exchange index gained 172.62 points to close at 6,161.89 points. The main…
Last week Share prices plunged last week with the main index falling by 3 percent to below the psychological 6,000-point level, after the off-cycle 25 basis point rate hike of the Bangko Sentral ng Pilipinas (BSP) on Thursday. The benchmark Philippine Stock Exchange index plunged 180.91 points to close at 5,961.99 points. “The BSP’s unexpected
Last week Share prices slightly went up as analysts said the local market showed resiliency despite geopolitical tensions in the Middle East and the sustained high inflation rate in the United States. The benchmark Philippine Stock Exchange index gained 6.39 points to close at 6,226.34 points. The main index was up in three of the
Share prices gained last week after the United States Federal Reserve and the Bangko Sentral ng Pilipinas (BSP) maintained their respective policy rates. The benchmark Philippine Stock Exchange index (PSEi) rose 16.45 points to close at 6,142.79 points. The local bourse recovered following a weak start to the week, after the US Fed and the
Last week Share prices fell for the fourth consecutive week last week, with the main index breaching its key support level and closing at its lowest since November last year. The benchmark Philippine Stock Exchange index (PSEi) declined by 115.64 points to close at 6,290.27 points. “Sentiment glided with the…