Philippine stocks are trading at historically low valuations, but weak earnings visibility, a softer peso and high bond yields are keeping investors cautious.
The Philippine peso gained 24 centavos to snap a four-day decline, while local shares edged down slightly to extend its losing streak to a fifth session.
Deals and discounts online are drawing shoppers away.
The Philippine peso lost nearly 14 centavos to extend its drop to a fourth day, while local shares shed another 50 points to push closer toward the 5,600 mark.
The Philippine peso lost nearly eight centavos to post its third straight day of losses, while local shares shed nearly 60 points to push closer toward the 5,600 level.
The Philippine peso weakened by two centavos to extend its slight retreat, while local shares shed 50 points to remain grounded below the 5,800 level.
Philippine vehicle sales fell 18.1% in August, while electric vehicle sales more than tripled year-on-year.
The Philippine peso gained 27 centavos to snap a two-day decline, while local shares advanced nearly 100 points to end a six-day losing streak.
The peso edged lower to reverse Wednesday’s pause, while local equities shed over 60 points to mark a sixth straight day in negative territory.
The peso matched its previous finish to stabilize against the dollar, while local shares shed nearly 20 points to deepen its retreat below 5,800.
