The Philippine Stock Exchange index (PSEi) plunged following news of a higher United States (US) inflation rate for June. The main index fell by 121.99 points, or 1.89 percent, to close at 6,337.48 on Wednesday, July 16. Miners and conglomerates led the retreat of all sectors. Volume excluding...
Tycoon Lucio Co’s The Keepers Holdings Inc. (Keepers), the largest imported liquor distributor in the Philippines, is venturing into the production and export of premium local spirits through the acquisition of a 50-percent stake in the maker of Sula liqueur for ₱40 million. In a disclosure to...
The Philippine Stock Exchange index (PSEi) reversed Monday’s gains, closing down 65.57 points, or 1.0 percent, on Tuesday, July 15, at 6,459.47. Renewed concerns over US tariffs and a weaker peso weighed on the main index, with conglomerates leading a broad retreat. Volume was lighter at 1.65...
The local stock market bounced back after last week’s decline, which was a knee-jerk reaction to higher tariffs that may be imposed by the United States (US) on Philippine goods. The main index jumped 65.16 points, or 1.01 percent, to close at 6,525.04. Miners and conglomerates led the advance...
Local stock market investors are closely watching two key developments this week, updates on trade negotiations between the Philippines and the United States (U.S.) and the release of data on remittances from overseas Filipinos (OFs). “The US’ planned 20-percent tariffs against the Philippines...
The PSE index ended marginally lower as investors remain cautious amid uncertainty over United States (US) tariffs. The main index shed 3.32 points, or 0.05 percent, to close at 6,459.88, with sectoral indices equally divided. Volume was strong at 4.4 billion shares worth ₱9.45 billion, as...
The Philippine Stock Exchange index (PSEi) closed lower on Thursday, July 10, after the United States (US) increased tariffs on goods from Manila. The main index shed 41.14 points, or 0.63 percent, to settle at 6,463.20. Banks led the decline, while Services and Mining sectors saw strong gains....
The Philippine Stock Exchange index (PSEi) rose for the third straight session on indications that the United States (US) may be willing to compromise and set tariffs at lower levels. The main index jumped by 70.74 points, or 1.1 percent on Wednesday, July 9, to close at 6,504.34. Services led the...
The Philippine Stock Exchange benchmark index (PSEi) inched up following generally positive economic news, including employment and manufacturing data. The main index added 8.36 points, or 0.13 percent, to close at 6,433.60. Only conglomerates and services advanced, while most sectors were down....
The Philippine Stock Exchange index (PSEi) gained on Monday, July 7, buoyed by another extension of the deadline for the United States’ (US) imposition of higher tariffs. The main index added 29.67 points, or 0.46 percent, to close at 6,425.24. Banks led the advance, while mining and conglomerate...
Cautious trading is expected to prevail at the Philippine stock market this week as investors await developments following the July 9 deadline for United States trade negotiations. “We may see cautious sentiment as global trade uncertainties may take center stage again. This is as the US’ trade...
Philippine stock investors cashed out for the weekend after the government reported higher national debt, while there is also concern over the deadline for US trade negotiations next week. The main index dropped 73.41 points or 1.13 percent to close at 6,395.57 on Friday, July 4, with the Property...
