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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 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

Stock Market: PSEi wipes out 2016's gains as selling continues

THE MAIN INDEX erased all its gains for the year thus far, starting the week in the red as foreign investors continued to dump shares amid persisting global uncertainties and as weak earnings from local corporates further dragged market sentiment......»»

Category: financeSource:  bworldonlineRelated NewsNov 14th, 2016

Foreign investments sustain rise

Foreign direct investments continued to rise in July, the first month in office of the Duterte administration, bringing the seven-month tally to a record $4.7 billion, amid the sustained investors’ positive outlook on the economy......»»

Category: financeSource:  thestandardRelated NewsOct 10th, 2016

Corporate News: How Duterte moved markets during 1st 100 days

SENTIMENT in the financial market remains generally positive amid and despite President Rodrigo R. Duterte's expletive-laden rhetoric that partly prompted foreign investors to flee local equities and dump the peso in the 100 days following the leadership .....»»

Category: financeSource:  bworldonlineRelated NewsOct 6th, 2016

Global uncertainties dampen index anew

MANILA, Philippines – Share prices plunged anew yesterday as investors continued to unload stocks amid global uncertainties and President Duterte’s foreign p.....»»

Category: financeSource:  philstarRelated NewsSep 27th, 2016

Stock Market: Stock rout deepens on concerns over US rate hike

THE LOCAL stock barometer slipped further into the red as foreign investors continued to trim their Philippine shareholdings amid persisting uncertainty over the timing of another rate hike in the United States and high valuation......»»

Category: financeSource:  bworldonlineRelated NewsSep 6th, 2016

Cemex’s maiden listing provides bright spot amid bourse’s retreat

CEMEX HOLDINGS Philippines, Inc. showed strength on its first day on the Philippine Stock Exchange (PSE), holding out against a profit taking that generally pulled down equities on Monday......»»

Category: newsSource:  bworldonlineRelated NewsJul 18th, 2016

Shakey’s to open 20 new stores in 2018

SHAKEY’S Pizza Asia Ventures, Inc. plans to put up 20 new stores in the country this year amid continued positive consumer sentiment that is underpinned by accelerating economic growth. The new stores will bring its total network to 228 outlets by the end of 2018. In a disclosure to the Philippine Stock Exchange, Shakey’s said [...] The post Shakey’s to open 20 new stores in 2018 appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsJan 11th, 2018

Peso may weaken on mixed data

THE PESO is expected to weaken against the dollar this week amid mixed US economic data, although this might be tempered by continued optimism on the benefits of the local tax reform law. The peso ended at P49.865 versus the greenback last Friday, down 4.5 centavos from its P49.82-per-dollar finish on Thursday, as it failed to […] The post Peso may weaken on mixed data appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsJan 7th, 2018