The Philippine Stock Exchange index (PSEi) fell on Monday, June 22, after Iran walked out of peace talks and closed the Strait of Hormuz again, while the Philippine government reduced its economic growth estimates due to the war and lower infrastructure spending. The main index plunged by 100.33...
Local equities face renewed downward pressure as resurfacing geopolitical friction in the Middle East and prospects of further domestic monetary tightening threaten to derail a recent market rally. Investor sentiment is turning bearish following the postponement of peace negotiations between the...
Local equities market retreated at the end of the week as investors pared back risk following the central bank 's hawkish policy stance and the sudden disruption to geopolitical diplomatic efforts in Europe. The Philippine Stock Exchange index (PSEi) slipped 18.31 points, or 0.3 percent, to...
Local stocks declined as an afternoon wave of profit-taking erased morning gains, cutting short a rally that had pushed the benchmark index to its highest intraday level in recent sessions. The Philippine Stock Exchange index (PSEi) decreased 27.13 points, or 0.43 percent, to close at 6,245.75 on...
The Philippine Stock Exchange index (PSEi) dipped marginally on Wednesday, June 10, after shots were again fired between the United States (US) and Iran as the prolonged conflict approached its 100th day. The main index shed 4.35 points, or 0.07 percent, to close at 5,941.36. Mining and oil stocks...
The Philippine Stock Exchange index (PSEi) opened the week on a negative note as share prices dropped on Monday, June 8, following an escalation in hostilities in the Middle East. The main index lost 58.97 points, or 0.99 percent, to close at 5,879.41. Miners led the retreat across the board due to...
The local stock market is seen to continue having a negative bias this holiday-shortened week despite the lower-than-anticipated inflation data released last week, amid continued uncertainty in the Middle East and its impact on prices and interest rates should hostilities escalate. “The local...
Local equities advanced as consumer price growth slowed more than economists anticipated, tempering fears of prolonged aggressive monetary tightening, but gains were capped later in the session amid escalating geopolitical tensions in the Middle East. The benchmark Philippine Stock Exchange index...
Local stocks declined, snapping a three-day rally, as investors locked in profits ahead of the inflation data and amid escalating geopolitical tensions in the Middle East that threatened to disrupt global energy markets. The benchmark Philippine Stock Exchange index (PSEi) slid 41.24 points, or...
Local equities rose for the third consecutive session as International Container Terminal Services Inc. (ICTSI) single-handedly propelled the benchmark index higher, masking widespread weakness across the broader market. The Philippine Stock Exchange index (PSEi) gained 40.48 points, or 0.69...
Local stocks surged, reclaiming the key psychological threshold, as rollback in domestic fuel prices and the strengthening local currency lured bargain hunters back to the equity market. The Philippine Stock Exchange index (PSEi) advanced 1.95 percent, or 113.37 points, to close at 5,912.69 on...
The Philippine Stock Exchange index (PSEi) rose on bargain hunting on Monday, June 1, after the steep drop over the last three trading days of the previous week. The main index added 30.56 points, or 0.53 points, to close at 5,799.32, mainly on the strength of the services sector as three sectors...
