The benchmark Philippine Stock Exchange index (PSEi) went down by 31.44 points or 0.44% to close at 7,014.04 on Tuesday, while the broader all shares index lost 17.23 points or 0.46% to end at 3,657.92. READ:
PHILIPPINE STOCKS closed lower on Tuesday on profit taking after the main index hit the 7,000 level for the first time since April 2022 on Monday and ahead of the resumption of trading on Wall Street.
“Despite selling pressure coming from the three-day rally, the PSEi managed to stay just above the 7,000 level, as positive market sentiment continues following expectations that central banks would slow interest rate hikes throughout the year,” Unicapital Securities, Inc. Equity Research Analyst Neil Andrew L. Maderaje said in a Viber message.
Meanwhile, at home, Bangko Sentral ng Pilipinas Governor Felipe M. Medalla last week said the central bank is likely to raise benchmark interest rates by 25 or 50 bps at its meeting on Feb. 16 amid the need to anchor inflation expectations.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Pump price hike set TuesdayMotorists will have to pay more for petroleum products starting Tuesday, as oil firms announced another round of hikes following the rollback implemented last week.
Read more »
Cloudy skies, rain to persist over parts of Luzon on Tuesday — PagasaCloudy skies and scattered rain showers are forecast over several parts of Luzon on Tuesday due to the effects of the northeast monsoon, an LPA, and the shear line, the Pagasa said. | zacariansINQ
Read more »
Pagasa: Rainy Monday in parts of PH due to LPA, ‘amihan’A low pressure area, shear line and northeast monsoon or “amihan,” will bring rains to parts of the country, including Metro Manila, the state weather bureau said on Monday. | BPinlacINQ
Read more »
LIST: Canceled flights on Monday, January 16, 2023, due to bad weatherAirport officials announced the cancellation of several domestic flights on Monday as inclement weather persists in parts of the country due to the low pressure area, shear line, and northeast monsoon or locally termed as amihan. | BPinlacINQ
Read more »
Tokyo stocks end lower on stronger yenTokyo stocks ended lower Monday, with exporters hit hard by a stronger yen and investors cautious ahead of a Bank of Japan meeting. The benchmark Nikkei 225 index was down 1.14 percent, or 297.20
Read more »