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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

Local stocks continue to weaken

The local stock barometer slid on Tuesday as investors awaited a "surprise" national address scheduled by President Duterte.   The main-share Philippine Stock Exchange index (PSEi) shed 78.14 points or 1.03 percent to close at 7,518.01 as foreign funds continued to exit the market. In intraday trade, the index fell to as low as 7,492.40.   "Some investors are going on bargain-hunting as there will always be markets and companies that will do better than others amid the ongoing US-China trade war and rising inflation environment," BDO Unibank chief strategist Jonathan Ravelas said.   Ravelas said the local market could bounce from the 7,500 support level, ...Keep on reading: Local stocks continue to weaken.....»»

Category: newsSource:  inquirerRelated NewsSep 12th, 2018

Treasury bill rates increase anew

Interest rates asked by investors for Treasury bills maturing in 91, 182 and 364 days rose across-the-board amid calls for another central bank policy rate hike following the continued increase in consumer prices......»»

Category: financeSource:  philstarRelated NewsSep 10th, 2018

Asian markets mostly down amid fears US will ramp up trade war with China

Most Asian equities sank on Friday as investors fret that the US will ramp up its trade war with China by imposing fresh tariffs, while chip-makers were among the biggest losers following a sharp s.....»»

Category: newsSource:  philippinetimesRelated NewsSep 7th, 2018

Planned ecozone projects decline 56% in 6 months

Investment pledges for projects registered with the Philippine Economic Zone Authority declined by 56 percent in the first semester from a year ago, amid continued concerns on the proposed second package of the government’s tax reform program which would rationalize incentives given to investors......»»

Category: financeSource:  philstarRelated NewsJul 16th, 2018

Blue chips push stocks to 3rd straight gain

The Philippine Stock Exchange index extended its winning streak to three days amid firmer regional markets and as investors continued to pick large-cap listed companies......»»

Category: financeSource:  philstarRelated NewsJul 12th, 2018

Index slides 1.53%

The benchmark Philippine Stock Exchange index (PSEi) slid anew yesterday amid mixed sentiments in the region and the decline in Wall Street overnight. The PSEi closed the session down 1.53 percent, or 109.86 points, to 7,066.57. The broader all-shares index was also down 1.28 percent, or 56.07 points, to 4,323.23. "We think there is still downward pressure on Philippine equities as investors are not yet fully compensated for the risk they are taking," Papa Securities said in a note to investors. It was referring to the Philippine 10-year bond yield of 6.4 percent, a traditionally safer investment, in relation to the 6.1-percent earnings yield of the PSEi. It noted that some inde...Keep on reading: Index slides 1.53%.....»»

Category: newsSource:  inquirerRelated NewsJun 28th, 2018

Peso regains strength amid US-China trade tensions

The peso rebounded on Friday, June 22, as the dollar slid amid continued concerns over the trade spat between the United States and China. The peso ended Friday’s session at P53.28 against the greenback, 18 centavos stronger than the P53.46-per-dollar finish the previous day. The peso immediately regained its strength as it opened the session […] The post Peso regains strength amid US-China trade tensions appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsJun 22nd, 2018

Stocks sink deeper into bear territory

The stock market continued to bleed yesterday, sinking deeper into bear territory as investors dumped more Philippine equities on rising uncertainties......»»

Category: financeSource:  philstarRelated NewsJun 21st, 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