The Philippine Stock Exchange index (PSEi) slid for the fourth day on Friday, Aug. 28, to end the week below the 6,000 level as MSCI rebalancing added selling pressure on investors already worried about the impact of the previous day’s policy rate hike. The main index dropped 48.25 points, or 0.8...
Equities market suffered a steep selloff, dragging the benchmark stock index to its lowest level in more than two months as investors dumped shares ahead of a rate increase by the Bangko Sentral ng Pilipinas (BSP) that was announced late in the trading day. The Philippine Stock Exchange index...
Local equities extended decline as subdued medium-term growth outlook and impending monetary policy decisions kept investors on the defensive. The Philippine Stock Exchange index (PSEi) fell 53 points, or 0.86 percent, to settle at 6,137.23 on Wednesday, Aug. 26, led by a sharp retreat in the...
The Philippine Stock Exchange index (PSEi) managed to end higher on Monday, Aug. 24, as late buying capped a cautious session, with investors waiting for developments in the war between the United States (US) and Iran. The main index added 12.92 points, or 0.21 percent, to close at 6,251.38....
The Philippine Stock Exchange index (PSEi) rebounded as the surge across global markets emboldened investors to hunt for bargains in the local equity market. The PSEi jumped 80.12 points, or 1.3 percent, to close at 6,238.46 on Thursday, Aug. 20, driven by broad-based gains led by a rally in mining...
Local equities declined as the peso dropped to an all-time low against the United States (US) dollar and global oil prices advanced, stoking fears that accelerating inflation will force borrowing costs to stay elevated. The Philippine Stock Exchange index (PSEi) sank 106.36 points, or 1.7 percent,...
Local stocks finished virtually unchanged in Tuesday session, as a late-stage wave of selective bargain hunting offset lingering investor anxiety surrounding Middle East turmoil and cooling domestic economic indicators. The Philippine Stock Exchange index (PSEi) crept up 2.90 points, or 0.05...
The Philippine Stock Exchange index (PSEi) dropped in thin trades on Monday, Aug. 17, as overseas Filipino (OF) remittance growth slowed down, while United States (US) bourses weakened due to softer economic data. The main index lost 35.5 points, or 0.56 percent, to close at 6,261.80. The services...
Local stocks advanced to end the week higher as in-line United States (US) inflation data eased fears of aggressive monetary tightening by the Federal Reserve, prompting investors to seek bargain shares in local equities. The Philippine Stock Exchange index (PSEi) added 9.05 points, or 0.14...
Local equities market retreated as the onset of the traditional “Ghost Month” coincided with portfolio shifts triggered by MSCI Inc.’s quarterly benchmark review and persistent local currency weakness, pushing the country’s main stock index to a one-week low. The Philippine Stock Exchange...
The Philippine Stock Exchange index (PSEi) rose on Wednesday, Aug. 12, as investor confidence was boosted by record highs in United States (US) bourses and the positive first-half performance of domestic blue-chip companies. The main index rose by 39.75 points, or 0.63 percent, to close at...
Local equities climbed on Tuesday, Aug. 11, tracking improved investor sentiment after signals from the Bangko Sentral ng Pilipinas (BSP) that slower economic momentum may curb the need for further monetary tightening. The Philippine Stock Exchange index (PSEi) gained 37.68 points, or 0.6 percent,...
