Peso snaps win streak; stock market edges lower
THE peso and stock market both closed the week on a negative note, with the currency snapping a three-day winning streak and the bourse threatening a return to the 6,500 level.
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Stocks, peso fall at week's close
THE stock market ended lower week on week following a mixed performance since Monday, with the benchmark index nearing the support level of 6,400 after declining for the second day in a row, with the peso likewise losing against the greenback on Friday.
Stocks close weaker, peso improves
THE stock market remained in the red amid inflation concerns, while the Philippine currency ended the week stronger against the greenback on Friday.
Middle East tensions hit peso, stocks
THE peso fell for a fourth straight trading day on Monday, and the stock market also dropped to its lowest in nearly three months as sentiment was hit by tensions in the Middle East.
‘Now is best time for PAL to sell’
MANILA, Philippines — This is the best time for flag carrier Philippine Airlines (PAL) to sell a portion of the company, as investors are attracted to buy into it with travel and tourism picking up momentum, according to analysts.
Peso gains vs dollar; stock market takes a breather
THE peso regained ground on Wednesday, but the stock market ended flat with investors said to have taken a breather.
PSEi lower, peso down 35 centavos
THE peso fell and the stock market edged lower to start the trading week, weighed down by news of declining foreign investments and investor wariness ahead of central bank meetings this week.
Peso, stocks end up at trading week's close
THE peso edged up and the stock market also closed higher to end the week on a positive note.