Stocks, peso rise ahead of inflation report pna.gov.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pna.gov.ph Daily Mail and Mail on Sunday newspapers.
RISK-ON. Investors continue to buy on bargains ahead of the release of the July 2022 inflation data. The good turn-out in the local bourse was mirrored by the local currency after it recovered against the US dollar. (PNA file photo) MANILA - The main stocks index sustained its rally on Thursday, a day before the release of the July 2022 domestic inflation rate, while the peso recovered against the greenback. The Philippine Stock Exchange index (PSEi) rose by 0.82 percent, or 53.03 points, to 6,483.11 points. All Shares followed with a 0.73 percent, or 24.93 points, rise to 3,461.76 points. All the sectoral gauges also gained during the day, led by Services after it increased by 1.34 percent. It was trailed by Industrial, 1.07 percent; Property, 0.85 percent; Financials, 0.75 percent; Holding Firms, 0.29 percent; and Mining and Oil, 0.18 percent. Volume, however, remained thin at 591.26 million shares amounting to PHP5.84 billion. Advancers surpassed decliners at 98 to 78, while 49 shar
PH stocks up on bargain hunting; peso slips anew pna.gov.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pna.gov.ph Daily Mail and Mail on Sunday newspapers.
FURTHER HIKES. Worries on the already strained US-China relations made investors turn to the local bourse on Wednesday (Aug. 3, 2022), resulting in another rise on the main index. However, the peso depreciated again to the greenback on indications for further hikes in the Federal Reserve's funds rates. (PNA file photo) MANILA - Bargain hunting again boosted the local stock barometer on Wednesday partly on worries on US-China relations following US House Speaker Nancy Pelosi's visit to Taiwan, while the peso weakened against the greenback. The Philippine Stock Exchange index (PSEi) rose by 1.07 percent, or 67.78 points, to 6,430.08 points. All Shares trailed with a jump of 0.74 percent, or 25.24 points, to 3,436.83 points. Half of the sectoral gauges also increased, led by Holding Firms, 2.06 percent, and was followed by Financials, 1.70 percent; and Industrial, 0.90 percent. On the other hand, Mining and Oil slipped by 1.10 percent, Property by 0.23 percent, and Services by 0.0
The Kingdom of Saudi Arabia (KSA) has raised oil prices more than expected for its largest market in Asia as the region eases out of Wuhan coronavirus (COVID-19) restrictions. Bloomberg reported [.]