PSEi rises to 5,400 level to open Q2

Credit to Author: Faye Almazan| Date: Wed, 01 Apr 2020 17:37:27 +0000

The stock market continued its winning streak for the second consecutive day on Wednesday — the start of the second quarter of 2020 — but analysts do not expect it sustaining the rally for long. The benchmark Philippine Stock Exchange index (PSEi) increased by 1.64 percent or 87.29 points to close at 5,408.52, while wider […]

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RRR cut lifts PSEi to 5,000 level

Credit to Author: Faye Almazan| Date: Wed, 25 Mar 2020 17:56:57 +0000

The stock market broke through the 5,000 territory on Wednesday as the Bangko Sentral ng Pilipinas’ (BSP) announcement of a considerable reduction in banks’ reserve requirement ratio (RRR) continues to buoy investors. The benchmark Philippine Stock Exchange Index (PSEi) soared by 5.31 percent or 253.49 points to close at 5,027.76, while the wider All Shares […]

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PSEi records minimal slip

Credit to Author: Faye Almazan| Date: Mon, 23 Mar 2020 17:07:24 +0000

The benchmark Philippine Stock Exchange Index (PSEi) ended slightly down on Monday as effects of the coronavirus disease 2019 continue to raise uncertainties in the market. The local bourse fell by 0.74 percent or 35.39 points to close at 4,743.37, while the wider All Shares dropped 0.73 percent or 21.63 points to 2,927.02. AAA Equities […]

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PSEi rises on Bangko Sentral rate cut

Credit to Author: Faye Almazan| Date: Fri, 20 Mar 2020 16:11:36 +0000

Philippine shares recovered slightly on Friday from the market carnage the day before after the Bangko Sentral ng Pilipinas trimmed interest rates anew, cheering investors. The benchmark Philippine Stock Exchange Index (PSEi) jumped by 3.36 percent or 155.34 points to close at 4,778.76, while the wider All Shares climbed by 2.33 percent or 67.07 points […]

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Bargain-hunting buoys PSEi

Credit to Author: Tyrone Jasper C. Piad| Date: Thu, 27 Feb 2020 16:40:02 +0000

Bargain-hunting somehow provided relief to the local bourse on Thursday, but it was not enough to break above the 7,000 level. The benchmark Philippine Stock Exchange index (PSEi) added 0.84 percent or 58 points to close at 6,967.84, while the wider All Shares gained 0.49 percent or 20.30 points to finish at 4,149.67. “The market […]

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PSEi falls to 15-mo low on China virus impact

Credit to Author: Tyrone Jasper C. Piad| Date: Wed, 26 Feb 2020 17:35:50 +0000

THE stock market tumbled out of the 7,000 territory on Wednesday following a massive global sell-off over the continued impact of the coronavirus disease 2019 (Covid-19) outbreak, with an analyst predicting a recession. The benchmark Philippine Stock Exchange index (PSEi) plunged by 3.86 percent or 277.60 points to finish at 6,909.84, while the wider All […]

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Anti-Covid 2019 efforts lift PSEi

Credit to Author: Lisbet K. Esmael| Date: Thu, 20 Feb 2020 17:26:12 +0000

THE stock market rose for the second straight day on Thursday, returning to the 7,400 level on optimism over China’s measures to combat the coronavirus disease 2019 (Covid-19), which first broke out there late last year. The Philippine Stock Exchange index (PSEi) grew by 0.22 percent or 16.06 points to close at 7, 413.00, while […]

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PSEi rallies after sustaining hefty losses

Credit to Author: Jordeene B. Lagare| Date: Mon, 17 Feb 2020 16:41:42 +0000

LOCAL shares on Monday soared by more than half-percent following a gloomy performance in the past week, with the market cheering on the measures to curtail the spread of the coronavirus disease-2019 (Covid-19). The benchmark Philippine Stock Exchange (PSEi) surged by 0.62 percent or 44.85 points to end at 7,326.85 while the wider All Shares […]

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Covid-19, regulatory risks push PSEi below 7,400

Credit to Author: Tyrone Jasper C. Piad| Date: Wed, 12 Feb 2020 17:30:18 +0000

THE continued impact of the coronavirus disease 2019 (Covid-19) and concerns over regulatory risks exerted selling pressure on the stock market on Wednesday, dragging it again to the 7,300 territory. The benchmark Philippine Stock Exchange index (PSEi) dropped 0.76 percent or 56.30 points to close at 7,383.10, while the wider All Shares fell 0.79 percent […]

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PSEi ends in green again

Credit to Author: Tyrone Jasper C. Piad| Date: Wed, 05 Feb 2020 16:42:50 +0000

After a six-day losing streak, the local bourse managed to end in the green for the second straight day despite the country’s inflation picking up in January. The benchmark Philippine Stock Exchange index (PSEi) surged by 1.74 percent or 125.95 points to finish at 7,352.85, while the wider All Shares climbed by 1.41 percent or […]

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