WORRIED INVESTORS. Concerns on the next policy rate decision of the Federal Reserve continue to worry investors, resulting in another negative close of the local bourse's main index on Thursday (Feb. 23, 2023). On the other hand, the peso improved against the US dollar partly on the robust inflows of foreign portfolio investments and the ratification by the Senate of the Regional Comprehensive Economic Partnership trade deal. (PNA graphics) MANILA Risk-off sentiments continued to weigh on the local bourse, resulting in another negative close for the Philippine Stock Exchange index (PSEi), but the peso recovered against the greenback. The PSEi went down by 0.20 percent, or 13.33 points, to 6,685.90 points. All Shares also went down by 20 percent, or 7.16 points, to 3,572.20 points. Most of the sectoral gauges also ended the day in the negative territory -Property, 0.75 percent; Financials, 0.59 percent; Mining and Oil, 0.47 percent; and Holding Firms, 0.20 percent. On the other ha
The local stock market continued to fall, weighed down by weaker US equity markets last week.The main index lost 86.56 points or 1.3 percent to close at 6,599.34 as the Services sector led the retreat while Banks managed to advance. Volume rose to 893.23 million shares worth P7.5 billion as losers t
Stocks down, peso weaker on hawkish Fed signals russiaherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from russiaherald.com Daily Mail and Mail on Sunday newspapers.
DOWN. The local bourse slipped Monday (Feb. 27, 2023) as it tracked US counterparts' finish last Friday and also due partly to investors' decision to stay at the sidelines ahead of some major economic reports both here and in the US. The peso weakened against the US dollar on the decline of the PSEi. (PNA file photo) MANILA - The decline in United States' equity markets last week, along with hawkish signals from Federal Reserve officials, resulted in the negative close of the local bourse's main index on Monday and the weakening of the peso. The Philippine Stock Exchange index (PSEi) shed 1.29 percent, or 86.56 points, to 6,599.34 points. All Shares followed with a drop of 1.12 percent or 39.95 points, to 3,532.25 points. Most of the sectoral gauges also finished the day lower, led by Services after it slipped by 3.46 percent. It was trailed by Mining and Oil, 3.20 percent; Property, 1.55 percent; Industrial, 1.39 percent; and Holding Firms, 0.94 percent. Only the Finan
Peso up as PSEi slips on worries over next Fed rate decision 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.