Local stocks surged back above the 6,000 threshold on Wednesday, March 25, as investor sentiment shifted toward optimism following reports that the United States (US) has entered formal negotiations with Iran. The prospect of a diplomatic resolution to Middle East tensions sparked a broad-based...
The Philippine Stock Exchange index (PSEi) recovered slightly together with global markets on Tuesday, March 24, on hopes that the United States (US) is easing attacks against Iran. The main index added 37.02 points, or 0.63 percent, to close at 5,936.20, led by the mining sector following an...
The Philippine Stock Exchange index (PSEi) plunged to just below the 5,900 level on Monday, March 23, as oil prices continued to rise amid worsening conflict in the Middle East, with Iran keeping the Strait of Hormuz shut despite threats from the United States (US). The main index fell 119.44...
Local stocks are poised to remain under pressure as an escalating conflict in the Middle East—labeled by analysts as the decade’s second “Black Swan” event—threatens to offset attractive local valuations. The benchmark Philippine Stock Exchange index (PSEi) is struggling to maintain its...
Local equities snapped a three-day losing streak on Tuesday, March 17, as investors engaged in selective bargain hunting, though gains remained capped by persistent anxiety over geopolitical tensions and the trajectory of interest rates. The Philippine Stock Exchange index (PSEi) advanced 19.46...
Local stocks retreated for a third consecutive session on Monday, March 16, briefly sliding below the critical psychological threshold as the escalating conflict in the Middle East pressured the local currency and fueled concerns over imported inflation. The Philippine Stock Exchange index (PSEi)...
The local stock market is expected to remain bearish this week due to the ongoing conflict in the Middle East and its impact on oil prices and the peso, while investors will also keep an eye on remittances from overseas Filipinos (OFs) last January. “Investors are expected to monitor the...
The Philippine Stock Exchange index (PSEi) dropped back to the 6,000 level on Friday, March 13, as global markets reacted to Iran’s intent to close the Strait of Hormuz and send oil prices to $200 a barrel. The main index dropped 54.64 points, or 0.89 percent, to close at 6,058.94. The mining...
Local stocks retreated as the resurgence in global crude oil prices and the weakening peso soured investor sentiment, overshadowing gains in the conglomerate sector. The Philippine Stock Exchange index (PSEi) dropped 44.75 points, or 0.73 percent, to finish at 6,113.58 in Manila. While the services...
Local stocks climbed for a second consecutive session as investors scooped up beaten-down shares, tracking the broader shift in sentiment fueled by expectations of a massive release of global oil reserves. The Philippine Stock Exchange index (PSEi) advanced 31.67 points, or 0.52 percent, to finish...
The local stock market lost ₱671.7 billion in market capitalization on Monday, March 9, as the benchmark Philippine Stock Exchange Index (PSEi) plunged to the 6,000 level after the Iran war fueled a surge in oil prices while the peso plunged to a new record low. Philippine Stock Exchange (PSE)...
Just like bourses worldwide, the Philippine stock market will mainly be influenced by developments in the Middle East, where the war started by the United States (US) and Israel against Iran is threatening the global supply chain and sending oil prices through the roof. While share prices have...
