Local stocks extended a winning streak to a second session as strengthening peso lured investors back to the equity market, pushing the benchmark index to its highest level in nearly seven months. The Philippine Stock Exchange index (PSEi) advanced 24.22 points, or 0.37 percent, to settle at...
The PSEi surged as the stronger Peso and rise in foreign investments fueled today’s rally. The main index jumped by 125.44 points or 1.98 percent to close at 6,474.60 with the Services sector leading the charge across the board. Volume was weak though at 754 million shares worth P6.86 billion as...
Equities market is shifting into a defensive crouch as investors pivot from a broad-based rally toward a granular assessment of corporate earnings and macroeconomic stability. After a volatile start to the year, market participants are scouring fourth-quarter results, foreign direct investment...
Local shares retreated on Wednesday, Feb. 4, as investors locked in profits ahead of inflation report, pausing a rally that had recently pushed the benchmark index above the 6,400 mark. The Philippine Stock Exchange Index (PSEi) fell 29.01 points, or 0.45 percent, to close at 6,372.95. Market...
Stocks surged on Tuesday, Feb. 3, reclaiming the 6,400 level as investors shrugged off recent volatility in favor of an optimistic growth outlook and a massive government spending plan. The benchmark Philippine Stock Exchange index (PSEi) climbed 104.88 points, or 1.67 percent, to finish at...
The Philippine Stock Exchange index (PSEi) on Monday, Feb. 2, declined as cautious investors took note of geopolitical tensions while also waiting for the release of January inflation data. The main index dropped 31.89 points, or 0.5 percent, to close at 6,297.08. Miners plunged due to the fall of...
Investors in equities are turning their focus to upcoming inflation data as catalyst for potential interest rate cuts, seeking signs that price pressures have cooled enough for the central bank to pivot toward easing. The release of February’s consumer price index will be weighed alongside recent...
The Philippine Stock Exchange index (PSEi) on Friday, Jan. 30, bounced and recovered most of the previous day’s losses as the lower economic growth rate may lead to another policy rate cut. The main index jumped by 105.61 points, or 1.7 percent, to close at 6,328.97. Banks surged, while miners...
Philippine stocks suffered their steepest decline in months, tracking a selloff that erased more than two percent of the benchmark index’s value after government data showed economic growth stumbled to a near five-year low. The disappointing gross domestic product (GDP) figures triggered a broad...
Equities snapped a multi-day losing streak Tuesday, Jan. 27, as investors swooped in to pick up beaten-down shares following an upgraded growth outlook from the Asian Development Bank (ADB) and resilient export data. The Philippine Stock Exchange index (PSEi) gained 33.03 points, or 0.53 percent,...
Stocks retreated on Monday, Jan. 26, as investors pared positions ahead of fourth-quarter economic growth data, with the benchmark index slipping below a key psychological support level. The Philippine Stock Exchange index (PSEi) fell 59.39 points, or 0.94 percent, to finish at 6,273.87. The...
Equity investors are looking to upcoming gross domestic product (GDP) data to catalyze recovery after sharp correction last week pushed valuations to levels market analysts describe as bargain territory. The benchmark Philippine Stock Exchange index (PSEi) retreated below the 6,400 psychological...
