The local stock market declined on Thursday, July 24, driven by profit-taking after a four-day rally, as investors digested news of President Marcos’ successful negotiation for a one-percentage-point reduction in US tariffs. The Philippine Stock Exchange index (PSEi) shed 18.09 points, or 0.28...
The Philippine Stock Exchange index (PSEi) surged on Wednesday, July 23, after the government secured a minimal reduction in United States (US) tariffs and amid hints of further local interest rate cuts. The main index jumped 106.56 points, or 1.68 percent, to close at 6,462.25, led by a strong...
The Philippine Stock Exchange index (PSEi) inched up Tuesday, July 22, as US markets reached new highs, while local investors continued to hope for an imminent rate cut. The main index added 2.95 points, or 0.05 percent, to close at 6,355.69. Mining stocks led the advancers, while Services and...
The Philippine Stock Exchange index (PSEi) started the week on a positive note, as investors sought bargains amid hopes that President Marcos’ team would be able to negotiate a lower tariff rate during their visit to Washington. The main index rose by 49.02 points, or 0.78 percent, to close at...
The Philippine Stock Exchange index (PSEi) continued to weaken on Thursday, July 17, as investors worried about US President Donald Trump’s proposed tariffs and reports of his plan to change leadership at the US Federal Reserve. The main index lost 41.93 points, or 0.66 percent, to close at...
Yuchengco-led Rizal Commercial Banking Corporation, one of the largest banks in the Philippines, has successfully raised ₱12.21 billion from the issuance of fixed-rate peso-denominated Series F ASEAN Sustainability Bonds due 2028. In a disclosure to the Philippine Stock Exchange, the bank stated...
The Philippine Stock Exchange index (PSEi) plunged following news of a higher United States (US) inflation rate for June. The main index fell by 121.99 points, or 1.89 percent, to close at 6,337.48 on Wednesday, July 16. Miners and conglomerates led the retreat of all sectors. Volume excluding...
The Philippine Stock Exchange index (PSEi) reversed Monday’s gains, closing down 65.57 points, or 1.0 percent, on Tuesday, July 15, at 6,459.47. Renewed concerns over US tariffs and a weaker peso weighed on the main index, with conglomerates leading a broad retreat. Volume was lighter at 1.65...
The PSE index ended marginally lower as investors remain cautious amid uncertainty over United States (US) tariffs. The main index shed 3.32 points, or 0.05 percent, to close at 6,459.88, with sectoral indices equally divided. Volume was strong at 4.4 billion shares worth ₱9.45 billion, as...
The Philippine Stock Exchange index (PSEi) closed lower on Thursday, July 10, after the United States (US) increased tariffs on goods from Manila. The main index shed 41.14 points, or 0.63 percent, to settle at 6,463.20. Banks led the decline, while Services and Mining sectors saw strong gains....
The Philippine Stock Exchange index (PSEi) rose for the third straight session on indications that the United States (US) may be willing to compromise and set tariffs at lower levels. The main index jumped by 70.74 points, or 1.1 percent on Wednesday, July 9, to close at 6,504.34. Services led the...
The Philippine Stock Exchange benchmark index (PSEi) inched up following generally positive economic news, including employment and manufacturing data. The main index added 8.36 points, or 0.13 percent, to close at 6,433.60. Only conglomerates and services advanced, while most sectors were down....
