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Peso declines on bargain-hunting

THE PESO dropped against the dollar on Friday due to bargain-hunting in the afternoon session and despite softer US producer prices data as well as hawkish European Central Bank (ECB) minutes. The local currency finished at P50.40 against the greenback at the week’s close, moving sideways as it lost four centavos from its P50.36-per-dollar close […] The post Peso declines on bargain-hunting appeared first on BusinessWorld......»»

Category: financeSource: bworldonline bworldonlineJan 12th, 2018

Peso, stocks bounce back

The stock market made a giant leap yesterday, boosted by bargain hunting and a spate of good news after several days of turmoil which pushed the market deep into bear territory......»»

Category: financeSource:  philstarRelated NewsSep 22nd, 2018

PH stocks higher ahead of US-China trade talks

SHARE prices firmed up in early trading on Wednesday on bargain-hunting following recent declines and with investors turning optimistic about the upcoming trade talks between the United States and China. The benchmark Philippine Stock Exchange index was up 84.43 points or 1.13 percent at 7,584.96 at the noon break while the wider All Shares was up 40.10 points or [...] The post PH stocks higher ahead of US-China trade talks appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsAug 22nd, 2018

PSEi up over 2%, rebounds to 7,100

The stock market returned to the 7,100 level on Wednesday, bucking declines elsewhere in the region in a showing attributed to bargain-hunting and quarter-end window dressing. The benchmark Philippine Stock Exchange index (PSEi) jumped by 2.42 percent or 169.22 points to end the day at 7,176.43. The broader All Shares rose 1.62 percent or 69.99 [...] The post PSEi up over 2%, rebounds to 7,100 appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsJun 28th, 2018

PSEi recovers on bargain-hunting

SHARE prices bounced back on Wednesday on bargain-hunting following recent declines. The benchmark index rose 1.37 percent or 117.14 points to close at 8,667.56. The broader All Shares grew 1.16 percent or 58.17 points to end at 5,086.08. Eagle Equities, Inc. President Joseph Roxas said the market recovered following a two-day decline, coupled with the [...] The post PSEi recovers on bargain-hunting appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsFeb 7th, 2018

Peso inches higher against dollar

THE PESO inched higher against the dollar on Thursday due to reports of China slowing down its purchases of US Treasury bonds and amid bargain-hunting in the afternoon session. The local currency moved sideways to finish at P50.36 against the greenback yesterday, two centavos stronger than its P50.38-per-dollar close on Wednesday. The peso opened the […] The post Peso inches higher against dollar appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsJan 12th, 2018

PH stocks rebound on bargain hunting

Philippine shares closed the week in green territory, driven by a technical rebound following seven consecutive days of declines. The PSEi increased by 0.44 percent or 34.11 points to 7,807.42. The wider All Shares rose by 0.31 percent or 14.51 points to .....»»

Category: newsSource:  manilatimes_netRelated NewsSep 2nd, 2016

Bargain-hunting lifts PSEi by 0.69%

THE stock market climbed back to the 7,400 level on Monday as investors resumed bargain-hunting ahead of the Federal Reserve and the Bangko Sentral ng Pilipinas’ (BSP) monetary policy meetings. The Philippine Stock Exchange index (PSEi) rose by 0.69 percent or 50.61 points to close at 7,433.61 while the broader All Shares grew 0.53 percent [...] The post Bargain-hunting lifts PSEi by 0.69% appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated News15 hr. 22 min. ago

Bargain-hunting lifts PSEi from bear territory

A Friday rebound lifted the stock market from bear territory, with investors said to have gone bargain-hunting and sentiment also boosted by overnight gains on Wall Street. The Philippine Stock Exchange index (PSEi) surged by 3.48 percent or 248.27 points to close at 7,383 while the broader All Shares increased by 2.16 percent or 95.44 [...] The post Bargain-hunting lifts PSEi from bear territory appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsSep 22nd, 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

Trade war worries add to PSEi’s woes

The stock market extended a run of declines on Friday with analysts again pointing to higher-than-expected August inflation, a weaker peso and concerns of an escalation in the US-China trade war as having spooked investors. The Philippine Stock Exchange index (PSEi) fell by over 1 percent in morning trade, but a last-minute buying spree pared [...] The post Trade war worries add to PSEi’s woes appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsSep 7th, 2018

Investors spooked by inflation surprise

Peso hits new 12-year low against the dollar; stock market drops by 1.65% The peso and the stock market fell on Wednesday, weighed down by news that inflation had hit a new nine-year high and also tracking regional declines traced to concerns over emerging market economies. The currency shed one and a half centavos to [...] The post Investors spooked by inflation surprise appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsSep 6th, 2018

Investors spooked by inflation surprise

Peso hits new 12-year low against the dollar; stock market drops by 1.65% The peso and the stock market fell on Wednesday, weighed down by news that inflation had hit a new nine-year high and also tracking regional declines traced to concerns over emerging market economies. The currency shed one and a half centavos to… link: Investors spooked by inflation surprise.....»»

Category: newsSource:  manilainformerRelated NewsSep 5th, 2018

US-Mexico trade bargain sends Wall Street soaring

NEW YORK, United States -- The United States and Mexico announced a breakthrough deal on trade on Monday, sparking a Wall Street rally that pushed major indices to fresh record closes. Canada's dollar and Mexico's peso both strengthened against the US dollar, which in turn weakened against a basket of other currencies. In Europe, trading was thin with London closed for a public holiday. US President Donald Trump and outgoing Mexican President Enrique Pena Nieto hailed the new trade agreement, which raises hopes the North American Free Trade Agreement can be salvaged after Canada rejoins the talks on Tuesday. The deal tightens local content requirements for autos, as well ...Keep on reading: US-Mexico trade bargain sends Wall Street soaring.....»»

Category: newsSource:  inquirerRelated NewsAug 27th, 2018

Share prices soar on bargain hunting

Share prices rallied yesterday as investors gobbled up bargain stocks and made bets for long-term positions, analysts said......»»

Category: financeSource:  philstarRelated NewsAug 23rd, 2018

PH stocks buoyed by bargain-hunting

PHILIPPINE shares rallied in early trading on Thursday as investors continued to hunt for bargains among oversold stocks. The benchmark Philippine Stock Exchange index ended morning trade up 1.82 percent or 138.80 points at 7,771.06 while the broader All Shares rose 1.93 percent or 89.05 points to 4,712.66. Philstocks Financial, Inc. research analyst Japhet Louis Tantiangco said [...] The post PH stocks buoyed by bargain-hunting appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsAug 23rd, 2018

Stock market up ahead of US-China trade talks

SHARE prices firmed up on Wednesday as investors went bargain-hunting while also turning optimistic about upcoming trade talks between the United States and China. The benchmark Philippine Stock Exchange index rose by 1.76 percent or 131.73 points to close at 7,632.26 while the wider All Shares added 53.48 points or 1.17 percent to end at 4,623.61. Regina [...] The post Stock market up ahead of US-China trade talks appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsAug 22nd, 2018

Stock market plunges as investors take profits

After five consecutive days of bargain hunting, the stock market went on a correction, sending the benchmark Philippine Stock Exchange index plunging by 101.32 points, or 1.30 percent, to close at 7,6272......»»

Category: financeSource:  philstarRelated NewsJul 31st, 2018

Bargain hunting buoys share prices

The stock market recovered yesterday on last-minute bargain hunting after trading in negative territory during the morning session......»»

Category: financeSource:  philstarRelated NewsJul 28th, 2018

Index edges up on bargain hunting

The stock market managed to recover in the afternoon trade after trading mostly in the red earlier in the day on late bargain hunting......»»

Category: financeSource:  philstarRelated NewsJul 20th, 2018

Bargain-hunting lifts stock market

SHARE prices rose anew on Wednesday as investors continued to hunt for bargains. The bellwether Philippine Stock Exchange index (PSEi) rose 0.94 percent or 69.69 points to close at 7,451.37 while the broader All Shares grew 0.61 percent or 27.13 points to finish at 4,492.51. China Bank Securities Corp. research director Garie Ouano said investors shopped for [...] The post Bargain-hunting lifts stock market appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJul 19th, 2018