The Philippine Stock Exchange index (PSEi) fell for the fourth consecutive day, reacting to the President’s State of the Nation Address (SONA) which investors felt did not adequately address pressing economic concerns. The main index shed 54.33 points, or 0.85 percent, to close at 6,325.42 on...
The PSEi dropped for the third-consecutive day as investors wait for President Ferdinand Marcos Jr.’s State of the Nation Address (SONA) and also due to the weaker peso. The main index lost 33.43 points, or 0.52 percent, to close at 6,379.75. Miners led the retreat, while the services sector...
The Philippine Stock Exchange index (PSEi) continued its decline as investors engaged in profit-taking while anticipating news on the benchmark index 's recomposition and the President’s State of the Nation Address (SONA). “The PSEi declined, primarily driven by profit-taking from...
The local stock market declined on Thursday, July 24, driven by profit-taking after a four-day rally, as investors digested news of President Marcos’ successful negotiation for a one-percentage-point reduction in US tariffs. The Philippine Stock Exchange index (PSEi) shed 18.09 points, or 0.28...
The Philippine Stock Exchange index (PSEi) surged on Wednesday, July 23, after the government secured a minimal reduction in United States (US) tariffs and amid hints of further local interest rate cuts. The main index jumped 106.56 points, or 1.68 percent, to close at 6,462.25, led by a strong...
The Philippine Stock Exchange index (PSEi) inched up Tuesday, July 22, as US markets reached new highs, while local investors continued to hope for an imminent rate cut. The main index added 2.95 points, or 0.05 percent, to close at 6,355.69. Mining stocks led the advancers, while Services and...
The Philippine Stock Exchange index (PSEi) started the week on a positive note, as investors sought bargains amid hopes that President Marcos’ team would be able to negotiate a lower tariff rate during their visit to Washington. The main index rose by 49.02 points, or 0.78 percent, to close at...
The PSEi climbed back to the 6,300 level on mild bargain hunting spurred by gains in United States (US) bourses. The main index added 8.17 points, or 0.13 percent, to close at 6,303.72. Sectoral indices were evenly split. Volume rose to 1.66 billion shares worth ₱8.43 billion, as losers...
The Philippine Stock Exchange index (PSEi) continued to weaken on Thursday, July 17, as investors worried about US President Donald Trump’s proposed tariffs and reports of his plan to change leadership at the US Federal Reserve. The main index lost 41.93 points, or 0.66 percent, to close at...
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...
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...
