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...
The country 's buffer stock in fuel has increased, Malacañang reported. According to the Unified Package for Livelihoods, Industry, Food, and Transport (UPLIFT) Committee, the country 's fuel buffer stock is now up to 54 days, from 52. “Sa ngayon ang buffer stock ng supply ng langis ay...
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....
The Philippine Stock Exchange index (PSEi) ended the week lower as oil prices rose while the peso weakened due to the Bangko Sentral ng Pilipinas’ (BSP) rate hike. The main index dropped 40.32 points, or 0.67 percent, to close at 5,943.49 on Friday, April 24. Banks led the decline, while the...
Local stocks retreated on Thursday, April 23, as the central bank 's interest-rate hike and heightened geopolitical tensions between the United States (US) and Iran dampened investor appetite for riskier assets. The Philippine Stock Exchange index (PSEi) slipped 5.75 points, or 0.1 percent, to...
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) managed to advance on Monday, April 20, despite news that the Strait of Hormuz remains closed amid mixed signals from the United States (US) and Iran regarding their peace talks. The main index added 16.9 points, or 0.28 percent, to close at 6,016.03....
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...
Local stocks ended the volatile session virtually unchanged as investors weighed the prospect of extended diplomatic talks in the Middle East against the persistent threat of crude-driven inflation. The Philippine Stock Exchange index (PSEi) edged up 0.34 point, or 0.01 percent, to close at...
The Philippine Stock Exchange index (PSEi) bounced on Wednesday, April 15, as news of another round of United States (US)-Iran talks led to some bargain hunting. The main index added 50.25 points, or 0.84 percent, to close at 6,063.35. Banks and services led the advance across the board. Volume...
