The Philippine Stock Exchange index (PSEi) rose on Wednesday, Nov. 19, after a lot of Philippine agricultural products were exempted from United States (US) tariffs while the Bangko Sentral ng Pilipinas (BSP) raised hope for one more rate cut, triggering more bargain buying. The main index jumped...
The Philippine Stock Exchange index (PSEi) declined on Tuesday, Nov. 18, as cautious investors immediately took profit from Monday’s price spike after the former chief economic manager of the Marcos Jr. administration projected that this year’s economic growth pace will fall well below the...
The Philippine Stock Exchange index (PSEi) rallied by almost 200 points on Monday, Nov. 17, as the two-day protest action against corruption turned out to be peaceful, contrary to what some fearmongers had predicted. The main index surged 194.77 points, or 3.49 percent, to close at 5,779.12. Banks...
Investor sentiment in the country has deteriorated, with bears continuing to pull down the benchmark Philippine Stock Exchange Index (PSEi) to lows last recorded during the pandemic. “This week, the local market is still seen to have a bearish default. The bourse could move down further as...
The Philippine Stock Exchange index (PSEi) plunged on Friday, Nov. 14, as initially positive sentiment reversed after corruption allegations were hurled against President Ferdinand R. Marcos Jr. by former legislator Zaldy Co. The main index plummeted by 142.64 points, or 2.49 percent, to close at...
The Philippine Stock Exchange Index (PSEi) rose further as investors picked up cheaper stocks following the end of the United States government shutdown and speculation of a possible rate cut. The main index added 12.97 points, or 0.23 percent, to close at 5,726.99 on Thursday, Nov. 13. Miners and...
The Philippine Stock Exchange Index (PSEi) extended its downward spiral, as mixed corporate results failed to lift investor sentiment. On Tuesday, Nov. 11, the main index fell 73.57 points, or 1.29 percent, to close at 5,629.07. The decline was led by the Banks sector, while Services bucked the...
The Philippine Stock Exchange Index (PSEi) rose, recouping losses in thin trading as positive corporate earnings buoyed sentiment. The main index gained 17.53 points, or 0.30 percent, to close at 5,835.59 on Thursday, Nov. 6. Miners led the advance while the Industrial sector lagged. Volume was...
The Philippine Stock Exchange index (PSEi) continued its slide, dropping 48.98 points or 0.83 percent to close at 5,818.06 on Wednesday, Nov. 5, driven by persistent investor anxiety that the third-quarter economic growth will fall short of the government’s target. The main index’s retreat...
The Philippine Stock Exchange index (PSEi) rallied on bargain hunting following Monday’s steep selloff, with a stronger peso and improved manufacturing data buoying investor sentiment. The main index rose 38.98 points, or 0.67 percent, to close at 5,867.04 on Tuesday, Nov. 4. Sectoral indices,...
The Philippine Stock Exchange index (PSEi) crashed to its lowest level in three years, wiping out gains amid a market-wide panic triggered by persistent inflation fears and weaker-than-expected economic performance. The main index fell by 101.62 points, or 1.71 percent, closing the session at...
Stock market investors will focus on a data-heavy week, with trading cues centered on the release of inflation and economic growth figures and the highly anticipated listing of Maynilad Water Services Inc. shares following its massive initial public offering (IPO). However, Philstocks Financial...
