MIXED ANEW. The Philippines main equities index ended Thursday (Feb. 2, 2023) down following the widely expected 25 basis point increase in the Federal Reserve's key rates. However, the peso gained against the US dollar and even climbed to the 53-level. (PNA graphics) MANILA - The widely expected 25 basis point increase in the Federal Reserve's key rates resulted in the negative close of the local bourse's main index on Thursday but the peso improved against the United States dollar. The Philippine Stock Exchange index (PSEi) shed 0.70 percent, or 49.57 points, to 6,986.19 points. All Shares ended sideways after declining by 0.09 percent, or 3.39 points, to 3,683.78 points. However, more of the sectoral indices gained during the day namely Mining and Oil, 3.04 percent; Services, 0.75 percent; Industrial, 0.24 percent; and Financials, 0.20 percent. Volume reached 1.29 billion shares amounting to PHP8.9 billion. Advancers led decliners at 114 to 67 while 56 shares were unchan
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
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
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