The local stock market took a breather from its downward trend as investor sentiment was buoyed by positive corporate earnings reports.
The main index rose 50.93 percent or 0.78 percent to close at 6,607.13 as Conglomerates led the advance while Banks and Industrials retreated. Volume declined t
UP. The local bourse's main index recovered on Wednesday (March 1, 2023) despite the decline of its United States counterparts, ending days of slide caused by concerns on inflation and the path of Federal Reserve tightening moves. The peso rose anew against the US dollar due in part to the PSEi's rise and the better-than-expected budget gap of the government for 2022. (PNA graphics) MANILA - The local bourse recovered on Wednesday despite the negative close of United States equities while the peso sustained its gain against the US dollar. After several days of decline, the Philippine Stock Exchange index (PSEi) rose by 0.78 percent, or 50.93 points, to 6,607.13 points. All Shares followed with a rise of 0.35 percent, or 12.19 points, to 3,539.36 points. Most of the sectoral gauges also increased during the day, led by Holding Firms after it inched up by 2.45 percent. It was trailed by Property, 1.25 percent; Mining and Oil, 0.39 percent; and Services, 0.07 percent. On the other
UP. The local bourse's main index recovered on Wednesday (March 1, 2023) despite the decline of its United States counterparts, ending days of slide caused by concerns on inflation and the path of Federal Reserve tightening moves. The peso rose anew against the US dollar due in part to the PSEi's rise and the better-than-expected budget gap of the government for 2022. (PNA graphics) MANILA - The local bourse recovered on Wednesday despite the negative close of United States equities while the peso sustained its gain against the US dollar. After several days of decline, the Philippine Stock Exchange index (PSEi) rose by 0.78 percent, or 50.93 points, to 6,607.13 points. All Shares followed with a rise of 0.35 percent, or 12.19 points, to 3,539.36 points. Most of the sectoral gauges also increased during the day, led by Holding Firms after it inched up by 2.45 percent. It was trailed by Property, 1.25 percent; Mining and Oil, 0.39 percent; and Services, 0.07 percent. On the other
MIXED. The Philippine Stock Exchange index (PSEi) declined anew on Tuesday (Feb. 28, 2023) as investors looked forward to more economic data releases from the United States that are expected to impact rate adjustment decision of the Federal Reserve. On the other hand, the peso regained its strength against the US dollar due to the correction of the greenback and the positive US pending homes sales and durable goods orders for January 2023. (PNA graphics) MANILA - The local bourse ended the month in the negative territory as investors looked forward to more economic data releases from the United States but the peso regained its footing against the greenback. For the fourth consecutive day, the Philippine Stock Exchange index (PSEi) slipped and ended the day at 6,556.20 points, down by 0.65 percent or 43.14 points. All Shares followed with a drop of 0.14 percent, or 5.08 points, to 3,527.17 points. Half of the sectoral gauges also finished with declines namely Holding Firms, 2.36 percent
The local bourse ended the month in the negative territory as investors looked forward to more economic data releases from the United States but the peso