THE PESO weakened against the dollar on Tuesday as the market was cautious ahead of the release of the January US consumer price index (CPI) report overnight. The local currency closed at P54.83 versus the greenback on Tuesday, declining by seven centavos from Monday’s P54.76 finish, Bankers Association of the Philippines data showed. The peso […]
Tag: tuesday
Stocks drop on selling pressure ahead of US CPI
PHILIPPINE SHARES declined further on Tuesday on selling pressure amid expectations of faster US consumer inflation in January. The bellwether Philippine Stock Exchange index (PSEi) declined by 47.52 points or 0.69% to 6,791.24 on Tuesday, while the broader all shares index went down by 11.31 points or 0.31% to end at 3,631.65. “Selling pressure steadily […]
Shares fall on faster-than-expected Jan. inflation
STOCKS continued to decline on Tuesday on faster-than-expected January inflation that fueled expectations of another big rate hike by the Bangko Sentral ng Pilipinas (BSP). The benchmark Philippine Stock Exchange index (PSEi) went down by 55.35 points or 0.79% to close at 6,881.26 on Tuesday, while the broader all shares index dropped by 18.93 points […]
PHL stocks drop on inflation, rate hike worries
LOCAL SHARES dropped on Tuesday amid worries over inflation and interest rates and as investors await the policy decision of the US Federal Reserve on Wednesday. The bellwether Philippine Stock Exchange index (PSEi) dropped by 177.72 points or 2.54% to close at 6,793.25 on Tuesday, while the broader all shares index lost 69.56 points or […]
Stocks decline on profit taking ahead of Q4 GDP
SHARES closed lower on Tuesday due to profit taking as investors await the release of the full-year 2022 gross domestic product (GDP) data this week. The benchmark Philippine Stock Exchange index (PSEi) went down by 28.18 points or 0.39% to close at 7,041.50 on Tuesday, while the broader all shares index lost 4.77 points or […]
Peso weakens on China GDP data
THE PESO declined against the dollar on Tuesday as economic growth in China was stronger than expected in the fourth quarter, boosting the greenback and global oil prices. The local currency closed at P54.82 versus the greenback on Tuesday, declining by 24.50 centavos from Monday’s P54.575 finish, data from the Bankers Association of the Philippines […]
PSE index declines ahead of US inflation report
STOCKS closed lower on Tuesday, mirroring Wall Street’s decline, ahead of the release of December US consumer inflation data, which could give clues on the US Federal Reserve’s next policy move. The benchmark Philippine Stock Exchange index (PSEi) lost 33.55 points or 0.49% to close at 6,756.69 on Tuesday, while the broader all shares index […]
Shares inch up on window dressing, lack of leads
LOCAL SHARES inched up on Tuesday on window dressing ahead of the year’s close and amid lack of fresh leads. The benchmark Philippine Stock Exchange index (PSEi) climbed by 23.87 points or 0.36% to close at 6,564.90 on Monday, while the broader all shares index rose by 8.95 points or 0.26% to 3,441.42. “Local shares […]
Bargain hunting lifts PHL stocks ahead of US data
PHILIPPINE shares rebounded on Tuesday on bargain hunting and as investors shied away from Wall Street ahead of US housing data releases within the week. The 30-member Philippine Stock Exchange index (PSEi) added 43.85 points or 0.68% to close at 6,458.12 on Tuesday, while the broader all-shares index increased by 17.09 points or 0.50% to […]
Peso rises on oil’s decline
THE PESO strengthened further against the dollar on Wednesday on lower global oil prices and better Philippine employment and factory data. The local currency ended at P55.45 against the greenback on Wednesday, surging by 52.5 centavos from P55.975-a-dollar close on Tuesday, based on data from the Bankers Association of the Philippines. The peso opened stronger […]
Stocks climb on positive sentiment, Fed bets
STOCKS climbed on Tuesday, snapping a three-day losing streak, as investors remained bullish on the Philippines’ prospects, even with inflation hitting a 14-year high last month and on expectations of smaller US Federal Reserve rate hikes. The Philippine Stock Exchange index (PSEi) added 232.25 points or 3.6% to close at 6,674.38 on Tuesday, while the […]
Peso rebounds on rate hike expectations
THE PESO strengthened versus the dollar on Tuesday despite profit taking after the release of November inflation data that cemented expectations of another rate hike from the Bangko Sentral ng Pilipinas (BSP) this month. The local unit closed at P55.975 per dollar on Tuesday, gaining 4.5 centavos from its P56.02 finish on Monday, data from […]
Peso strengthens vs dollar on oil, higher remittances
THE PESO strengthened against the dollar on Tuesday amid easing global oil prices and ahead of an expected increase in remittances due to the holidays. The local unit closed at P56.56 per dollar on Tuesday, up by eight centavos from its P56.64 finish on Monday, data from the Bankers Association of the Philippines showed. The […]
Last-minute bargain-hunting lifts PHL shares
PHILIPPINE STOCKS extended their climb on Tuesday on last-minute bargain-hunting and ahead of the rebalancing of the MSCI. The bellwether Philippine Stock Exchange index (PSEi) gained 99.31 points or 1.48% to end at 6,780.78 on Tuesday, while the broader all shares index rose by 32.81 points or 0.94% to 3,513.98. Philstocks Financial, Inc. Research Analyst […]
Stocks inch higher as net foreign buying rises
PHILIPPINE SHARES inched higher on Tuesday on net foreign buying as investors continued to look for catalysts. The Philippine Stock Exchange index (PSEi) climbed by 26.41 points or 0.41% to end at 6,429.65 on Tuesday, while the broader all shares index rose by 4.19 points or 0.12% to 3,390.15. Regina Capital Development Corp. Head of […]
Peso rises on dovish Fed comments
THE PESO appreciated versus the dollar on Tuesday after an official from the US Federal Reserve said they may consider slower rate increases at their next policy meetings. The local unit closed at P57.21 per dollar on Tuesday, seven centavos better than its P57.28 close on Monday, the Bankers Association of the Philippines reported. The […]
Stocks extend climb on Sept. remittance data
PHILIPPINE SHARES extended their gains on Tuesday following the release of data showing remittances from overseas Filipinos increased in September. The benchmark Philippine Stock Exchange index (PSEi) went up by 64.18 points or 1.01% to close at 6,418.94 on Tuesday, while the broader all shares index rose by 26.99 points or 0.8% to 3,379.58. “The […]
Peso rises vs dollar on strong data
THE PESO strengthened on Tuesday as the country’s dollar reserves rose as of October and as the unemployment rate dropped to its lowest level since the coronavirus pandemic. The local unit ended trading at P58.275 per dollar on Tuesday, appreciating by 30.5 centavos from its P58.58 close on Monday, based on data from the Bankers […]
Stocks inch lower ahead of key economic data
PHILIPPINE SHARES inched lower on Tuesday as investors await the results of the US midterm elections and the release of key local and foreign economic data this week. The benchmark Philippine Stock Exchange index (PSEi) declined by 6.48 points or 0.1% to finish at 6,289.10 on Tuesday, while the broader all shares index went down […]
Peso strengthens vs dollar on weak US factory data
THE PESO strengthened on Tuesday as the dollar softened after US manufacturing data contracted for a fourth straight month in October, indicating a slowing US economy due to high inflation and rising interest rates. The local unit ended trading at P58.78 per dollar on Tuesday, appreciating by nine centavos from its P58.87 close […]