The PSEi slipped due to profit taking after its recent runup but managed to stay above the 7,000 mark.
The main index shed 31.44 points or 0.45 percent to close at 7,014.04 with the Industrial sector leading theretreat while the Property and Services counters managed to advance. Volume remained hi
MIXED. Investors took profit on Tuesday (Jan. 17, 2023) that resulted to the negative close of the Philippine Stock Exchange index (PSEi) a day after it rose to the 7,000-level. On the other hand, the peso kept its footing against the US dollar amidst correction. (PNA file photo) MANILA - Profit-taking took over the local bourse's main index on Tuesday resulting in its slip while the peso ended the day sideways against the US dollar. The Philippine Stock Exchange index (PSEi) shed 0.45 percent, or 31.44 points, to 7,014.04 points. All Shares also ended in the red with a drop of 0.47 percent, or 17.23 points, to 3,657.92 points. Industrial posted the biggest decline among the sectoral gauges after it went down by 1.33 percent. It was followed by the Holding Firms, 1.03 percent; Financials, 0.73 percent; and Mining and Oil, 0.56 percent. On the other hand, Property rose by 1.12 percent and Services by 0.22 percent. Volume reached 1.25 billion shares amounting to PHP10.14 billion. Dec
The local stock market breezed past the 7,000 resistance level as foreign funds bought Philippine shares on expectations of milder US rate hikes.
The main index rose 93.94 points or 1.35 percent to close at 7,045.48, after breaching 7,100 intraday, as Banks led the rally while the Services and Min
Hopes for a strong output for the Philippine economy this year lifted the Philippine Stock Exchange index (PSEi) on Monday (Jan. 16, 2023). This, along with the deceleration of US inflation rate and hopes for smaller jumps in the Federal Reserve's key rates also buoyed the peso.(File photo) MANILA-Optimism on the domestic economy's performance this 2023 lifted the local bourse's main index above the 7,000-level on Monday, which, in turn, was mirrored by the peso. The Philippine Stock Exchange index (PSEi) gained 1.35 percent, or 93.94 points, to 7,045.48 points. All Shares rose by 1.03 percent, or 37.53 points, to 3,675.15 points. Most of the sectoral indices also inched up during the day, led by the Financials after it climbed 2.80 percent. It was trailed by the Holding Firms, 2.43 percent; Property, 0.37 percent; and Industrial, 0.32 percent. On the other hand, Mining and Oil slipped by 0.69 percent and Services by 0.10 percent. Volume reached 1.11 billion shares amountin