Local equities retreated as weaker-than-expected economic growth print and escalating tensions in the Middle East prompted investors to pocket gains before the weekend. The Philippine Stock Exchange index fell 73.3 points, or 1.2 percent, to close at 5,960.97 on Friday, May 9. The Services sector...
The Philippine Stock Exchange index (PSEi) climbed back above the 6,000 threshold, shrugging off the weaker-than-expected economic growth report as investors focused on potential diplomatic breakthroughs between the United States (US) and Iran. The benchmark gauge advanced 67.06 points, or 1.1...
Local equities rebounded as global market anxieties eased after United States (US) President Donald Trump announced a temporary pause on naval escort operations in the Strait of Hormuz, shifting Washington’s focus toward securing a peace agreement with Iran. The benchmark Philippine Stock...
The Philippine Stock Exchange index (PSEi) made a strong bounce on Monday, May 4, as bargain hunting began after more firms reported first-quarter earnings and outlooks while the United States (US) announced its plan to escort ships passing through the Strait of Hormuz. The main index jumped by...
The Philippine Stock Exchange index (PSEi) retreated to end a shortened trading week as investors weighed the compounding risks of surging energy costs, persistent inflation, and a weakening local currency. The benchmark PSEi fell 74.25 points, or 1.26 percent, to close at 5,833.64 on Thursday,...
The Philippine Stock Exchange index (PSEi) snapped a five-day losing streak on Wednesday, April 29, as investors engaged in bargain hunting despite continued depreciation of the local currency. The benchmark PSEi gained 41.1 points, or 0.7 percent, to settle at 5,907.89. The Industrial and Services...
Local stocks retreated to their lowest level in five months as the peso’s plunge to a fresh record fueled anxiety that persistent inflationary pressures will force borrowing costs to stay higher for longer. The Philippine Stock Exchange index (PSEi) declined 34.36 points, or 0.58 percent, to...
The Philippine Stock Exchange index (PSEi) dropped on Monday, April 27, as investors worry over the impact of rising inflation and interest rates, which has led some conglomerates to reduce capital expenditures (capex). The main index lost 42.34 points, or 0.71 percent, to close at 5,901.15....
Local stock market is expected to remain in a bearish holding pattern this week as prolonged diplomatic deadlock in the Middle East dampens investor appetite, even as the market looks toward domestic trade data and the United States (US) Federal Reserve for direction. While local equities have...
Local equities fell for the second consecutive session, dragging the benchmark index below the psychological 6,000-level as investors braced for the potential interest rate hike by the central bank and monitored simmering geopolitical tensions in the Middle East. The Philippine Stock Exchange index...
Local stocks ended Tuesday’s session virtually unchanged as investors balanced optimism over potential diplomatic breakthroughs in the Middle East against domestic concerns regarding tightening monetary policy. The Philippine Stock Exchange index (PSEi) edged up 2.67 points, or 0.04 percent, to...
The Philippine Stock Exchange index (PSEi) fell below the 6,000 level on Friday, April 17, as investors cashed out ahead of the weekend amid concern over the economic impact of the oil crisis. The main index lost 64.56 points, or 1.06 percent, to close the week at 5,999.13. Conglomerates led the...
