Stocks rise on upper-middle-income upgrade
Both the Philippine stock exchange and the peso were boosted by the World Bank’s upgrading of the Philippines to upper middle income economy status.
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Daily TribuneTopic
Both the Philippine stock exchange and the peso were boosted by the World Bank’s upgrading of the Philippines to upper middle income economy status.
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The Philippine Stock Exchange Index (PSEi) rose 31.09 points, or 0.53 percent, to 6,069.26 on Wednesday, while the peso continued to weaken, falling to P61.62…
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Bargain hunters returned to the local bourse following Wednesday’s steep selloff, accumulating beaten-down blue chips, particularly International Container…
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The Philippine Stock Exchange Index (PSEi) reversed sharply yesterday by 134.85 points, or 2.20 percent, closing at 5,991.37, while the peso weakened further…
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The Philippine Stock Exchange Index (PSEi) rebounded on Tuesday, closing at 6,126.22, up 91.20 points, or 1.51 percent, while the peso continued to weaken,…
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The Philippine Stock Exchange Index (PSEi) suffered another broad-based selloff to begin the week, falling 100.33 points, or 1.64 percent, to 6,035.02, while…
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The Philippine Stock Exchange Index (PSEi) slipped 18.31 points, or 0.30 percent, to close at 6,135.35 on Friday, while the peso weakened to P60.775 per US…
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The Philippine Stock Exchange Index (PSEi) closed at 6,114.81 on Wednesday, down 131.0 points, or 2.10 percent, while the peso snapped its recent winning…
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The Philippine Stock Exchange Index (PSEi) surrendered part of Monday’s outsized gains, closing 27.13 points lower, or 0.43 percent, at 6,245.75 on Tuesday,…
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Market breadth was overwhelmingly positive with BDO Unibank Inc. emerging as top performer, as investors returned to Philippine equities after weeks of…
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‘We expect the BSP to hike the policy rate by 50 bps to 5.0 percent from 4.5 percent, as elevated inflation remains the key policy concern despite softer…
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The Philippine Stock Exchange Index (PSEi) rebounded on Tuesday, gaining 66.30 points or 1.13 percent to close at 5,945.71, recovering much of Monday’s…
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Philippine conglomerates face roughly P1.6 trillion — about $26 billion — in debt obligations maturing between 2027 and 2029.
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According to BPI lead economist Emilio Neri Jr., interest rate hikes by the central bank in response to Gulf-driven inflation could support the local currency…
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The market closed at 5,879.41, down 58.97 points from Friday’s 5,938.38, even as the peso also lost strength against the US dollar amid renewed US-Iran…
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The Philippine Stock Exchange Index (PSEi) retreated on Monday, falling 58.97 points or 0.99 percent to 5,879.41, while the peso weakened to P61.69 per US…
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‘The slower inflation print reduces the urgency for an off-cycle rate hike in the near term. However, a substantial increase in the policy rate at the next…
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The bellwether index and local currency both rebounded on Friday, with the Philippine Stock Exchange Index (PSEi) closing at 5,938.38, up 26.45 points or 0.45…
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