Last week Share prices gained last week following the slowdown in inflation in the United States last October and the decision of the Bangko Sentral ng Pilipinas (BSP) to pause rate hikes. The benchmark Philippine Stock Exchange index gained 50 points to close at 6,211.89 points. The main index was…
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 plunged last week as the main index lost 2 percent, amid ongoing geopolitical tensions in the Middle East and macro-economic headwinds. The main index gave up 123.44 points to close at 6,142.90. “From a technical standpoint, it is noticed that the market is having a hard time getting past its 50-day
Last week Share prices continued to rebound on the quarterly window dressing and the rebalancing of the benchmark Philippine Stock Exchange index (PSEi). The main index gained 178.45 points to close at 6,321.24 points. “It was a strong week for the local bourse as it rose by 2.91 percent under a quite strong trading activity