Philippine stocks: Gainers, losers, market-moving news

WHAT YOU NEED TO KNOW

Buy, sell, or hold? Who are the top gainers? How about the biggest losers? Are the bulls winning over the bears? Which company is going public next?

Bookmark and refresh this page for the latest news and analysis on stock market movers, corporate and financial news, business deals, and the economy in the Philippines.

LATEST UPDATES

Nov 30, 2022 12:35 PM PHT

BSP sees hotter inflation in November

Ralf Rivas

Economists of the Bangko Sentral ng Pilipinas (BSP) projected inflation rising between 7.4% and 8.2% in November.

If the upper end of the forecast is hit, it would be higher than the 7.7% inflation rate in October, which is already the highest in nearly 14 years.

The BSP said inflation will “gradually decelerate” in the succeeding months as cost-push shocks due to bad weather and transport fare adjustments dissipate.

The BSP has tightened monetary policy this year following the hawkish moves of the US Federal Reserve.