Local equities face heightened downside risks this week as the worsening Middle East conflict sparks energy price spikes, compounding domestic growth and inflation worries. Escalating tensions involving the United States (US), Iran, and Yemen-based Houthi militants have driven global oil benchmark...
The Philippine Stock Exchange index (PSEi) dipped on Friday, July 24, as share prices fell amid concerns over rising oil prices and the higher tariff the United States (US) slapped on Philippine goods. The main index shed 2.11 points, or 0.03 percent, to close at 6,281.01. Sectoral indices were...
The Philippine Stock Exchange index (PSEi) was slightly higher on Thursday, July 23, as some investors started bargain hunting despite rising oil prices because of the United States (US)-Iran war. The main index added 15.27 points, or 0.24 percent, to close at 6,283.12. Banks led the advance, while...
Local equities managed to carve out modest gains on Monday, July 20, holding above a key technical floor as strength in heavyweights like International Container Terminal Services Inc. (ICTSI) offset growing anxiety over rising global oil prices sparked by conflict in the Middle East. The...
While easing inflation in the United States (US) reduced concerns over an interest rate hike, the impact of renewed hostilities in the Middle East is seen weighing on investor sentiment in the local stock market this week. “The US-Iran war remains the biggest downside risk to the local bourse....
Local equities advanced, pushing the benchmark index back above the key 6,400 threshold, as the temporary breather in global energy markets and anticipation of strong second-quarter earnings lured bargain hunters back to the table. The Philippine Stock Exchange index (PSEi) climbed 78.96 points, or...
Local equities rose for the second consecutive day as easing concern over the path of United States (US) interest rates and major foreign investment proposal in the local energy sector bolstered investor sentiment, overshadowing geopolitical tensions in the Middle East. The Philippine Stock...
The Philippine Stock Exchange index (PSEi) rose on Wednesday, July 15, lifted by gains on United States (US) markets after a lower inflation rate eased fears of an aggressive US Federal Reserve (Fed) rate hike. The main index gained 46.48 points, or 0.74 percent, to close at 6,302.5. Banks led the...
The Philippine Stock Exchange index (PSEi) opened the week lower as early bargain-hunting gave way to concerns over rising tensions in the Middle East. The main index shed 20.98 points, or 0.33 percent, to close at 6,265.72. Miners led the retreat, while services was the only sector to finish in...
Local equities market faces renewed wave of investor caution as mounting geopolitical tensions in the Middle East threaten to stall a two-week rally. While the Philippine Stock Exchange index climbed 3.53 percent over the past two weeks, underlying market participation remains weak. Daily value...
The Philippine Stock Exchange index (PSEi) resumed its upward trajectory on Friday, July 10, after the previous trading day’s breather, as easing United States (US)-Iran tensions and a vote of confidence in the Philippine economy from US aid agency Millennium Challenge Corp. (MCC) lifted investor...
Local stocks snapped a six-day winning streak, retreating as a flare-up in geopolitical tensions between the United States (US) and Iran prompted investors to lock in profits following the weeklong rally. The Philippine Stock Exchange index (PSEi) fell 51.9 points, or 0.83 percent, to close at...
