The Philippine Stock Exchange index (PSEi) dropped on Monday, Sept. 8, as investors took profits and focused on the ongoing hearing into alleged corruption in flood control projects. The PSEi fell by 47.27 points, or 0.77 percent, to close at 6,101.86. The Bank and Conglomerate sectors led the...
The local stock market extended gains as investors continued to pick up bargains after the August inflation rate, while higher, came within target. The main index rose by 42.21 points, or 0.69 percent, to close at 6,149.13. The services sector led the advance, although banks dipped slightly. Volume...
While the Philippines is exploring the re-entry of nuclear power, securing financing may prove challenging as some local banks remain cautious about backing such projects. In an exclusive interview, Michael Ricafort, Chief Economist at Rizal Commercial Banking Corp. (RCBC), explained that the high...
The Philippine Stock Exchange index (PSEi) ended a five-day slump as investors bought cheaper stocks ahead of Friday’s August inflation report. The benchmark PSEi added 23.99 points, or 0.39 percent, to close at 6,106.92 on Thursday, Sept. 4, with advances across the board led by property and...
The Philippine Stock Exchange index (PSEi) dropped to the 6,000 level after breaching its support on Wednesday, Sept. 3, as political noise and US tariff issues continue to dampen investor sentiment. The main index closed at 6,082.93, down 45.96 points or 0.75 percent. The Property sector led the...
The local stock market dipped due to the weaker peso and lower manufacturing data amid concern over massive corruption in flood control projects. The main index shed 11.46 points, or 0.19 percent, to close at 6,128.89. Half of the sectoral indices were in the green. Volume was higher but still...
The Philippine Stock Exchange index (PSEi) fell for the third consecutive day amid expectations of a slight uptick in August inflation and the peso 's recent weakness. The main index shed 15.22 points, or 0.29 percent, to close at 6,140.35 on Monday, Sept. 1. Conglomerates led the retreat,...
Consumer prices may have risen at a faster pace in August, the central bank projected, as recent typhoons and excessive rainfall likely stoked the cost of basic goods, especially food items. Last month’s inflation is expected to clock within the range of one percent to 1.8 percent, according to...
The Philippine Stock Exchange (PSE) fell for the second straight day, shedding 34.62 points or 0.56 percent, to close at 6,155.57 as investor sentiment remained bearish a week into the “ghost month” despite the Bangko Sentral ng Pilipinas’ (BSP) rate cut. The Property sector led the retreat,...
The Philippine Stock Exchange index (PSEi) dropped on Thursday, Aug. 28, as investors sold on news that the Bangko Sentral ng Pilipinas (BSP) reduced interest rates as expected. The main index lost 83.15 points, or 1.33 percent, to close at 6,190.19. Banks led the retreat, while miners bucked the...
The Philippine Stock Exchange index (PSEi) bounced back on Wednesday, Aug. 27, recovering most of the previous day’s losses, as investors seized the opportunity to buy bargains in anticipation of an expected rate cut by the Bangko Sentral ng Pilipinas (BSP). The main index jumped 128.10 points,...
The Philippine Stock Exchange index (PSEi) fell on Tuesday, Aug. 26, even when it was expected to be buoyed by prospects of lower interest rates, as investors were more concerned about United States (US) President Donald J. Trump’s firing of US Federal Reserve (Fed) Governor Lisa Cook amid the...
