The PSEi lost a few more points on belief that the US Federal Reserve will continue raising rates to combat inflation.The main index shed 13.33 points or 0.20 percent to close at 6,685.90 as the Property sector continued to lead the decline although the Services and Industrial counters posted small
The local stock market fell in line with its downward trend as US bourses were also weaker overnight.The main index lost 101.73 percent or 1.50 percent to close at 6,699.23 as the Property sector led all indices in the retreat. Volume rose to 1.34 billion shares worth P4.93 billion as losers swept g
LACK OF CATALYSTS. The lack of positive catalysts to drive a market rally resulted in the negative close of the Philippine Stock Exchange index (PSEi) on Wednesday (Feb. 22, 2023). The peso tracked the main index due to geopolitical issues overseas. (PNA graphics) MANILA - The local stock barometer closed lower on Wednesday amid a lack of positive catalysts to drive a market rally while the peso trailed behind. The Philippine Stock Exchange index (PSEi) shed 1.50 percent, or 101.73 points, to 6,699.23 points. All Shares trailed after it slipped by 1.17 percent, or 42.25 points, to 3,579.36 points. All sectoral gauges finished the day in the negative territory, led by Property which went down by 1.84 percent. It was followed by Financials. 1.76 percent; Industrial, 1.28 percent; Mining and Oil, 1.20 percent; Holding Firms, 1.16 percent; and Services, 1.10 percent. Volume reached 1.34 billion shares amounting to PHP4.93 billion. Decliners led advancers at 134 to 45, while 43 shares were
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The local stock market bounced after sliding for three days as investors started looking for bargains.
The main index rose by 56.84 points or 0.84 percent to close at 6,800.96 as Banks led the advance although the Services sector lagged behind. However, volume remained anemic at 611 million shares