AHEAD OF BSP RATE DECISION. The main equities index recovered on Wednesday (Feb. 15, 2023) even with anticipations for the rate decision of the Bangko Sentral ng Pilipinas (BSP) on Thursday and the higher-than-expected rise of US' January 2023 inflation rate. However, the peso slipped against the US dollar and closed the day at the 55-level. (PNA graphics) MANILA - The local stock barometer recovered on Thursday amid the rise in the United States consumer price index (CPI) for January 2023 while the peso slipped against the US dollar. After sliding for several days, the Philippine Stock Exchange index (PSEi) rose by 0.45 percent, or 30.85 points, to 6,822.09 points. All Shares followed with a jump of 0.12 percent, or 4.53 points, to 3,636.18 points. Most of the sectoral gauges also gained during the day, led by Property after it rose by 1.57 percent. It was trailed by Financials, 0.75 percent; and Industrial and Holding Firms, which both increased by 0.19 percent. On the other hand
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
AHEAD OF POLICY MEETING. The local stock barometer slipped while the peso weakened on Monday (Feb. 13, 2023) as investors stayed at the sidelines ahead of the policy meeting of the Bangko Sentral ng Pilipinas (BSP) on Feb. 16, 2023. Analysts and economists expect the BSP's rates to be hiked by at least 25 basis points. (PNA graphics) MANILA - The local bourse's main index ended Monday in the negative territory ahead of the rate setting meeting of the Bangko Sentral ng Pilipinas (BSP) later in the week, while the peso weakened against the United States dollar. The Philippine Stock Exchange index (PSEi) shed 0.55 percent, or 38.03 points, to 6,838.76 points. All Shares slipped by 0.28 percent, or 10.21 points, to 3,642.96 points. Half of the sectoral gauges tracked the PSEi, namely Holding Firms declining by 1.22 percent; Property, 0.52 percent; and Services, 0.40 percent. On the other hand, Mining and Oil rose by 0.43 percent, Industrial by 0.20 percent and Financials by 0.05 pe
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
DOWN. The higher-than-expected January 2023 domestic inflation rate of 8.7 percent resulted in another decline of both the Philippine Stock Exchange index (PSEi) and the peso on Tuesday (Feb. 7, 2023). Economists said geopolitical issues between the US and China and anticipations on the path of the Federal Reserve's key rates also affected both the equities and the currency markets. (PNA graphics) MANILA - The local bourse's main index declined anew on Tuesday partly due to acceleration in domestic inflation rate to 14-year high of 8.7 percent last January, and this performance was mirrored by the peso. The Philippine Stock Exchange index (PSEi) shed 0.80 percent, or 55.35 points, to 6,881.26 points. All Shares followed with a decline of 0.52 percent, or 18.93 points, to 3,655.75 points. Most of the sectoral indices also finished the day in the negative territory Services, 1.53 percent; Property, 0.95 percent; Financials, 0.94 percent; and Industrial, 0.84 percent. On the oth