The Philippine Stock Exchange index (PSEi) continued its descent as the peso weakened, with investors awaiting positive news amid a corruption scandal. The main index shed 9.82 points, or 0.16 percent, to close at 6,108.72 on Wednesday, Sept. 24, as the Property sector led the decline among all...
The Philippine Stock Exchange Index (PSEI) fell on Tuesday, Sept. 23, as a deepening corruption scandal involving the legislative and executive branches of government weighed on investor sentiment. The main index plunged by 96.29 points, or 1.55 percent, to close at 6,118.54. Banks suffered the...
The Philippine stock market is seen to try to sustain its strong bounce last week as investors continue to cheer the United States (US) Federal Reserve’s latest policy move and outlook. “Despite last week’s climb, the local market is still undervalued with a price-to-earnings ratio of 10.8...
The local stock market ended the week at a high note as investor sentiment improved amid expectations of more rate cuts coupled with a steady credit rating for the Philippines. The main index added 30.87 points, or 0.5 percent, to close at 6,264.49 on Friday, Sept. 19. Sectoral indices were evenly...
The Philippine Stock Exchange index (PSEi) rose for the third straight day on Thursday, Sept. 18, after the United States Federal Reserve (US Fed) cut interest rates, as expected. The main index added 22.96 points, or 0.37 percent, to close at 6,233.62. Sector indices were evenly mixed, while...
The Philippine Stock Exchange index (PSEi) rose further on Wednesday, Sept. 17, on hopes that the Bangko Sentral ng Pilipinas (BSP) will slash rates further in tandem with the United States Federal Reserve (US Fed). The main index jumped by 61.92 points, or 1.01 percent, to close at 6,210.66. The...
Leading e-wallet GCash has upgraded its GStocks platform by tapping a new partner, InvestaTrade, the stock trading arm of Investa, for an easier investing experience within its app. Investa is known for its beginner-friendly approach to financial education and stock market awareness, and the new...
The Philippine Stock Exchange index (PSEi) made a strong bounce on Tuesday, Sept. 16, as investors started bargain hunting, sparked by the possible inclusion of the Philippines in a JPMorgan bond index as well as the expected United States (US) rate cut. The main index surged by 91.31 points, or...
The Philippine Stock Exchange index (PSEi) fell on Monday, Sept. 15, weighed down by weakening peso and growing concerns over protests against corrupt politicians, public officials, and contractors. The main index lost 51.78 points, or 0.85 percent, to close at 6,057.43. Banks led the retreat,...
With the local stock market stuck in the doldrums, investors are hoping that the July remittance numbers and the expected US Federal Reserve rate cut will overcome political noise and spur investor sentiment. “Global markets enter the week with focus squarely on the Fed 's September 17-18...
The Philippine Stock Exchange index (PSEi) dipped on the last trading day of the week as the market continued to trade sideways despite lower-than-expected United States (US) inflation. The main index shed 17.68 points, or 0.29 percent, to close at 6,109.21 on Friday, Sept. 12. It was led by the...
The Philippine Stock Exchange index (PSEi) closed slightly higher Thursday, Sept. 11, as investors maintained a wait-and-see stance ahead of the US inflation report for August. The main index added 6.8 points, or 0.11 percent, to finish at 6,126.89. While the Banks and Services sectors advanced,...
