SHARES surged on Thursday after the government’s pandemic task force eased mobility restrictions in the National Capital Region (NCR) amid a decline in coronavirus disease 2019 (COVID-19) cases. The benchmark Philippine Stock Exchange index (PSEi) climbed 114.19 points or 1.61% to close at 7,183.11 on Thursday, while the broader all shares index went up by […]
Tag: thursday
Peso rises as gov’t eases Metro Manila restrictions
THE PESO climbed versus the greenback on Thursday as the government relaxed mobility restrictions in the capital and following the release of data showing the country had ample dollar buffers as of end-September. The local unit closed at P50.605 per dollar on Thursday, appreciating by five centavos its P50.655 finish on Wednesday, based on data […]
Shares drop as investors pocket gains from rally
SHARES snapped their three-day rally on Thursday as investors pocketed gains and after Nikkei Asia’s coronavirus disease 2019 (COVID-19) recovery report put the Philippines in last place. The Philippine Stock Exchange index (PSEi) declined by 106.15 points or 1.50% on Thursday to close at 6,951.30, while the all shares index shed 54.29 points or 1.23% […]
Peso rebounds on strong US jobs data
THE PESO strengthened on the back of improved US jobs data. — BW FILE PHOTO THE PESO rebounded versus the dollar on Thursday following stronger US jobs data. The local unit closed at P50.56 per dollar on Thursday, appreciating by 32 centavos from its 50.88 finish on Wednesday, based on data from the Bankers Association […]
Local stocks rise on hopes of gradual reopening
SHARES closed higher on Thursday, shrugging off data showing the increase in the number of unemployed Filipinos, on hopes that more sectors could reopen or expand their operations this month. The benchmark Philippine Stock Exchange index (PSEi) rose 18.77 points or 0.27% on Thursday to close at 6,952.88, while the broader all shares index went […]
Peso returns to P51:$1 level on hawkish signals from Fed official
THE PESO retreated versus the greenback on Thursday following hawkish signals from a key US central bank official. The local unit closed at P51 per dollar on Thursday, shedding 13.5 centavos from its P50.865 finish on Wednesday, based on data from the Bankers Association of the Philippines. The peso also closed at P51 per dollar […]
Dictator’s son may run for President in 2022, his sister says
FERDINAND “Bongbong” R. Marcos, Jr. might run for President next year, but is also open to the vice presidential post if he could find a running mate, his sister Senator María Imelda Josefa “Imee” R. Marcos said on Thursday. “For all intents and purposes, he has his own setup, and he is running for President […]
Peso slips ahead of BSP meeting
THE PESO inched down against the greenback on Thursday ahead of the central bank’s policy review. The local unit ended at P50.39 per dollar, shedding one centavo from Wednesday’s close of P50.38, based on Bankers Association of the Philippines data. The local currency opened the session at P50.35 versus the dollar. Its weakest point was […]
Peso climbs on quarantine measures, dovish Fed
THE PESO appreciated versus the greenback on Thursday as the government kept Metro Manila under general community quarantine (GCQ) and after the US Federal Reserve said it will continue to support the world’s largest economy. The local unit closed at P50.305 per dollar on Thursday, gaining 6.5 centavos from its P50.37 finish on Wednesday, based […]
Shares inch up as gov’t keeps NCR Plus under GCQ
PHILIPPINE shares closed in the green on Thursday, with investors optimistic after the government maintained loose restriction measures for Metro Manila and nearby provinces or the National Capital Region (NCR) Plus bubble. The benchmark Philippine Stock Exchange index (PSEi) improved by 23.50 points or 0.36% to 6,496.53 on Thursday, while the all shares index rose […]
Peso rises as gov’t eases restrictions in Metro Manila
THE PESO climbed versus the greenback on Thursday as the government further eased restrictions and as the US Federal Reserve chief said the central bank will continue to support the world’s largest economy. The local unit closed at P50.22 per dollar yesterday, gaining eight centavos from its P50.30 finish on Wednesday, based on data from […]
Shares drop on COVID-19 worries, lack of leads
PHILIPPINE shares declined on Thursday amid a lack of fresh leads and as coronavirus disease 2019 (COVID-19) infections in some Asian economies surged. The Philippine Stock Exchange index (PSEi) went down by 107.48 points or 1.57% to close at 6,727.93 on Thursday, while the all shares index declined by 44.46 points or 1.05% to end […]
Stocks drop as market corrects after sharp jump
PHILIPPINE shares went down on Thursday on as investors pocketed their gains from the recent rally and as the market corrected after its sharp increase on Wednesday. The Philippine Stock Exchange index (PSEi) declined by 49.82 points or 0.72% to close at 6,791.87 on Thursday, while the all shares index lost 13.96 points or 0.33% […]
Peso declines vs dollar as gov’t debt stock climbs
THE PESO dropped versus the dollar on Thursday as the government’s debt stock climbed further as of April. — BW FILE PHOTO THE PESO weakened against the dollar on Thursday as the National Government’s debt climbed further as of April amid increased borrowings due to the pandemic. The local unit closed at P47.825 versus the […]
DoE says no more brownouts expected, investigating outages
THE Department of Energy (DoE) said Thursday that the Luzon grid has returned to normal and that it expects no further rotating brownouts, though it does plan to investigate claims of “sabotage” behind the simultaneous outages that took out enough power capacity to warrant three days of red alerts on the grid. Early Thursday, the […]
Stocks drop further on fresh inflation concerns
STOCKS continued to decline on Thursday as the possibility of an increased pork tariff rate caused renewed concerns over inflation, dampening market sentiment. The benchmark Philippine Stock Exchange index (PSEi) declined by 16.91 points or 0.26% to close at 6,282.78 on Thursday, while the broader all shares index lost 2.78 points or 0.07% to end […]
Peso rebounds vs dollar on oil price correction, gov’t offer of euro bonds
THE PESO rebounded versus the greenback on Thursday as oil prices corrected and after the government raised €2.1 billion from its offer of euro-denominated bonds. The local unit closed at P48.41 per dollar on Thursday, appreciating by four centavos from its P48.45 finish on Wednesday, based on data published on the Bankers Association of the […]
Local shares decline as foreigners exit market
PHILIPPINE shares closed in the red on Thursday as investors pocketed their gains and as foreigners exited the market amid lingering concerns on the economy’s prospects. The Philippine Stock Exchange index (PSEi) fell by 23.86 points or 0.37% to close at 6,415.53 on Thursday, while the broader all shares index declined by 16.93 points or […]
Asia’s rising coronavirus cases a worry as vaccine doubts cloud campaigns
Singapore — India, South Korea, and Thailand faced mounting coronavirus infections on Thursday, undermining cautious hopes that Asia might be emerging from the worst of the pandemic as worries about safety threatened to delay vaccination drives. India reported a record 126,789 new cases, the third day this week tallies have surged to more than 100,000, […]
Peso rises as RTB sale ends
THE PESO climbed against the greenback on Friday following the end of the government’s retail Treasury bond (RTB) offering the day prior. The local unit closed at P48.56 per dollar on Friday, gaining six centavos from its Thursday finish of P48.62. It also appreciated by three centavos from its P48.59-per-dollar close on Feb. 26. The […]