PH stocks index starts week up; slight change on PHP-USD rate 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.
The local stock market fell after the government announced a higher-than-expected rise in the consumer price index.
The main index lost 77.61 points or 1.2 percent to close at 6,405.50 with the Property sector leading the decline across the board. Volume jumped to 712 million shares worth P12.71 b
The local stock market rose for the third day as corporate earnings continue to buoy investor sentiment.
The PSEi added 53.03 points or 0.82 percent to close at 6,483.11 as the Services sector led the rally across the board. Volume was relatively stable at 591 million shares worth P5.84 billion as
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