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Investors flocking to equities amid continued strength

INVESTORS are shifting their attention to the equity market from the low-risk bond mart, as the bellwether index is seen breaching the 10,000 level in the next two years, the asset management arm of Bank of the Philippine Islands (BPI) said on Friday. Carlos A. Jalandoni, BPI Asset Management and Trust Corp. vice president and […] The post Investors flocking to equities amid continued strength appeared first on BusinessWorld......»»

Category: financeSource: bworldonline bworldonlineJan 12th, 2018

PSEi falls 2.23% on rate hike concerns

The stock market plunged by more than two percent on Thursday, falling to the 7,600 level, as investors continued to pare their positions amid renewed fears of additional US interest rate hikes. The benchmark Philippine Stock Exchange index (PSEi) lost 175.44 points or 2.23 percent to close at 7,694.12 while the broader All Shares dropped [...] The post PSEi falls 2.23% on rate hike concerns appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsMay 18th, 2018

Stocks slide amid fresh Middle East tension

Stock prices fell on Wednesday, May 9, as investors fled the markets following geopolitical tensions in the Middle East. The bellwether Philippine Stock Exchange index shed 0.29% or 22.30 points to close at 7,555.27 on Wednesday. The broader all shares index also dipped 0.19% or 8.84 points to 4,620.49. “Local equities were affected by (United […] The post Stocks slide amid fresh Middle East tension appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 9th, 2018

Treasury partially awards papers

THE AUCTION of P15 billion worth of Treasury bills (T-bills) on Monday saw mixed results as investors swarmed the shorter-dated securities but avoided the longer tenors amid continued uncertainty in financial markets. The government raised a total of P8.63 billion during yesterday’s auction of the shorter-tenored securities, just a little over half of the P15 […] The post Treasury partially awards papers appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 30th, 2018

Local equities rise on bargain-hunting

The stock market recovered slightly on Wednesday as investors went bargain hunting, with analysts warning of continued volatility ahead with the benchmark index still at its lowest in nearly a year. The Philippine Stock Exchange index (PSEi) rose by 0.90 percent or 69.74 points to close at 7,793.13 while the wider All Shares grew 0.52 [...] The post Local equities rise on bargain-hunting appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsApr 18th, 2018

Foreign selling of Asia equities persists as trade tensions heat up

FOREIGNERS continued to pull out money of Asian stock markets in March as trade tensions between the United States and China escalated and dampened the appeal for riskier assets. Overseas investors sold about $2 billion worth of Asian stocks last month, following their sales of $9 billion in February, data from seven stock exchanges showed. […] The post Foreign selling of Asia equities persists as trade tensions heat up appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 10th, 2018

Peso inches higher amid continued geopolitical noise

THE PESO strengthened against the dollar on Thursday as investors stayed on the sidelines amid geopolitical noise from US President Donald J. Trump. The local currency finished at P52.03 against the dollar yesterday, gaining four centavos from its P52.07 close on Wednesday. The peso opened slightly weaker at P52.08 versus the dollar. Its intraday low […] The post Peso inches higher amid continued geopolitical noise appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMar 15th, 2018

Stocks end lower on inflation, rate hike concerns

SHARES continued to drop on Monday as investors stayed cautious amid fears of rate hikes and inflationary pressures that continue to affect Western markets. The 30-company Philippine Stock Exchange index (PSEi) gave up 0.18% or 15.78 points yesterday to close at 8,487.91, marking the third day of losses for the bellwether. The broader all-shares index […] The post Stocks end lower on inflation, rate hike concerns appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsFeb 12th, 2018

Stock price index a point away from 9,000

  The local stock barometer surged to a new high on Tuesday---closing a hairline away from the 9,000 mark---as investors scooped up equities that fell following the report of slower-than-expected fourth quarter Philippine economic growth. The main-share Philippine Stock Exchange index (PSEi) added 48.4 points, or 0.54 percent, to close at 8,999.02, likewise drawing strength from upbeat regional markets. The PSEi advanced for the third straight session and marked its fifth record finish this 2018. Since the start of the new year, the index has gained another 5.1 percent, after rising by 25 percent for the whole of 2017. "The market faltered initially (in morning trade...Keep on reading: Stock price index a point away from 9,000.....»»

Category: newsSource:  inquirerRelated NewsJan 23rd, 2018

PSEi slightly down but stays above 8,900

The local stock barometer ended flat but stayed above the 8,900 level yesterday as some investors reassessed their portfolios following the recent run-up to record highs. The main-share Philippine Stock Exchange index (PSEi) shed 3.43 points or 0.04 percent to close at 8,920.29. While US stocks continued to rally overnight, the local market slowed after successive winning sessions from the last days of December, said Luis Gerardo Limlingan, managing director at local stock brokerage Regina Capital Development. "Index saw some pullback amid a lack of news flow in local front and as investors await the corporate results season which will be in full swing next month," Limlingan sai...Keep on reading: PSEi slightly down but stays above 8,900.....»»

Category: newsSource:  inquirerRelated NewsJan 10th, 2018

PSEi slips but clings to 8,900

The local stock barometer ended flat but stayed afloat the 8,900 level on Wednesday as some investors reassessed their portfolios after the recent run-up to record highs. The main-share Philippine Stock Exchange index (PSEi) shed 3.43 points or 0.04 percent to close at 8,920.29. While US stocks continued to rally overnight, the local market was "tired" after its successive winning sessions from the last days of December, said Luis Gerardo Limlingan, managing director at local stock brokerage Regina Capital Development. "Index saw some pullback amid a lack of news flow in local front and as investors await the corporate results season which will be in full swing next month," ...Keep on reading: PSEi slips but clings to 8,900.....»»

Category: newsSource:  inquirerRelated NewsJan 10th, 2018

EU businessmen see no reason to leave Philippines

MANILA, Philippines — European investors in the Philippines said there is no reason for them to pack up and leave amid President Duterte’s continued tirades.....»»

Category: financeSource:  philstarRelated NewsOct 18th, 2017

Stocks extend rally on late buying spree

MANILA, Philippines — Investors continued to test the 8,000 support level yesterday as share prices extended their climb amid geopolitical concerns over Nort.....»»

Category: financeSource:  philstarRelated NewsSep 5th, 2017

Index climbs back above 8,000 mark

MANILA, Philippines — Investors returned to the local equities market yesterday  as they sought safer havens amid continuing global tension brought about by.....»»

Category: financeSource:  philstarRelated NewsSep 4th, 2017

Stock Market: Bourse inches up for second consecutive day

LOCAL SHARES continued largely sideways trades on Tuesday amid a lack of drivers and profit-taking by investors......»»

Category: financeSource:  bworldonlineRelated NewsJul 19th, 2017

Stock Market: PSE index declines further as Wall Street sinks

LOCAL EQUITIES declined on Wednesday following weak US markets amid growing concerns among investors over uncertainties of the Trump administration's economic direction......»»

Category: financeSource:  bworldonlineRelated NewsMar 22nd, 2017

Stock Market: Shares decline as uncertainties hang over market

LOCAL STOCKS dropped anew on Tuesday as the market consolidated and with investors choosing to remain on the sidelines amid continued uncertainties here and abroad......»»

Category: financeSource:  bworldonlineRelated NewsFeb 7th, 2017

Stock Market: Investors eye 'Santa Claus' rally as year closes

LOCAL INVESTORS are pinning their hopes on a "Santa Claus" rally as the year comes to a close amid an absence of potential catalysts to drive equities after the US Federal Reserve's decision to raise rates last week......»»

Category: financeSource:  bworldonlineRelated NewsDec 18th, 2016

Index retreats on lack of fresh leads

MANILA, Philippines - Share prices retreated yesterday amid a lack of significant leads to encourage investors to park their funds in equities......»»

Category: financeSource:  philstarRelated NewsNov 28th, 2016

Stock Market: PSEi declines anew on jitters ahead of Fed, OPEC

LOCAL SHARES resumed their slide yesterday as investors continued to dump stocks amid persisting uncertainties due to a change in government in the US under president-elect Donald Trump and rate hike plans by the Federal Reserve......»»

Category: financeSource:  bworldonlineRelated NewsNov 28th, 2016

Stock Market: PSE index extends gains amid bargain hunting

THE MARKET rallied for a second consecutive session yesterday as investors continued to pick up bargains following last week's sell-off......»»

Category: financeSource:  bworldonlineRelated NewsNov 24th, 2016