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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 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

Peso declines as markets await US tax bill passage

THE PESO moved sideways against the dollar on Monday amid upbeat sentiment on US tax cuts. The local currency closed the session at P50.48 versus the greenback yesterday, sliding 3.5 centavos from Friday’s P50.445-per-dollar finish. The peso opened the session  slightly stronger at P50.43 versus the greenback, while its intraday low was at P50.51. Its […] The post Peso declines as markets await US tax bill passage appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsDec 18th, 2017

Bourse slips back above 8,300 line on bargain-hunting, tax reform optimism

THE PHILIPPINE STOCK EXCHANGE Index (PSEi) ended the week higher on bargain-hunting, with sentiment buoyed by progress made in reconciling the House of Representatives’ and Senate’s tax reform legislation at the bicameral conference committee stage. The benchmark index closed at 8,304.70 on Friday, up 129.77 points or 1.59%, while the all-shares index finished 4,858.86, up […] The post Bourse slips back above 8,300 line on bargain-hunting, tax reform optimism appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsDec 8th, 2017

Bargain hunting lifts market out of slump

MANILA, Philippines — The local stock market managed to recover yesterday, returning to the 8,100 level after investors looked for bargains, taking advantage.....»»

Category: financeSource:  philstarRelated NewsDec 6th, 2017

Bargain-hunting lifts PSEi by 0.26%

SHARE prices recovered from intra-day losses as investors went bargain-hunting, with the bellwether Philippine Stock Exchange index gaining 0.26 percent or 21.88 points to close at 8,365.11. The wider All Shares added 0.12 percent or 5.75 points to finish at 4,889.12. “Philippine markets kept to bargain hunting despite the light trading value due to the [...] The post Bargain-hunting lifts PSEi by 0.26% appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsNov 25th, 2017

PSEi ends higher on selective buying

The local stock barometer overcame a rough trading day on Friday, firming up at close on the back of selective buying of large-cap stocks.   The main-share Philippine Stock Exchange index (PSEi) added 21.88 points or 0.26 percent to close at 8,365.11, reversing early losses.   For the week, the PSEi added 54.03 points or 0.65 percent from last week's finish.   "Philippine markets kept to bargain-hunting despite the light trading value due to the (US) Thanksgiving holidays," said Luis Gerardo Limlingan, managing director at local stockbrokerage Regina Capital Development. US stocks were closed due to the Thanksgiving break.   On Friday, the PSEi...Keep on reading: PSEi ends higher on selective buying.....»»

Category: newsSource:  inquirerRelated NewsNov 24th, 2017

Index recovers on bargain hunting

MANILA, Philippines — The stock market recovered yesterday, gaining 77.55 points, or 0.93 percent, to close at 8,343.23 on bargain hunting, traders said......»»

Category: financeSource:  philstarRelated NewsNov 24th, 2017

Peso declines on strong US data, dollar demand

THE PESO grew weaker yesterday as the dollar picked up steam on the back of improving factory output in the United States, coupled with domestic corporate demand and profit taking which pushed the currency lower. The local unit closed at P51.405 versus the greenback, down 7.5 centavos from Tuesday’s P51.33 finish. The peso depreciated throughout… link: Peso declines on strong US data, dollar demand.....»»

Category: newsSource:  manilainformerRelated NewsOct 19th, 2017

Peso declines on strong US data, dollar demand

THE PESO grew weaker yesterday as the dollar picked up steam on the back of improving factory output in the United States, coupled with domestic corporate demand and profit taking which pushed the currency lower. The local unit closed at P51.405 versus the greenback, down 7.5 centavos from Tuesday’s P51.33 finish. The peso depreciated throughout […] The post Peso declines on strong US data, dollar demand appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsOct 18th, 2017

Late bargain hunting props up share prices

MANILA, Philippines — Share prices recovered yesterday after the main composite index made a last minute turnaround as investors decided to look for bargains.....»»

Category: financeSource:  philstarRelated NewsSep 27th, 2017

Bargain-hunting lifts stock market

Bargain-hunting lifts stock market.....»»

Category: newsSource:  manilatimes_netRelated NewsSep 20th, 2017

Stocks advance for 3rd straight day

MANILA, Philippines -  The stock market continued its ascent for a third consecutive session yesterday, resorting again to bargain hunting on lack of strong.....»»

Category: financeSource:  philstarRelated NewsJul 19th, 2017

Index sustains uptrend on bargain hunting

MANILA, Philippines - Share prices bucked the sluggish stock markets across Asia yesterday, finishing with slight gains despite the absence of a strong catal.....»»

Category: financeSource:  philstarRelated NewsJul 19th, 2017

PSEi up 0.23% on bargain-hunting

PSEi up 0.23% on bargain-hunting.....»»

Category: newsSource:  manilatimes_netRelated NewsJul 19th, 2017

National government debt declines to P6.345 T in May

MANILA, Philippines - The national government’s debt pile declined in May from the previous month due to stronger peso and net repayment of obligations, the.....»»

Category: financeSource:  philstarRelated NewsJul 3rd, 2017

Index firms up on bargain hunting

MANILA, Philippines - Share prices firmed up yesterday as investors did some cautious bargain hunting, analysts said......»»

Category: financeSource:  philstarRelated NewsJul 3rd, 2017

Stock Market: Bargain hunt extends equities' slight gains

LOCAL SHARES extended slight gains for a second trading day on bargain hunting on Monday, which also saw foreign investors remain net buyers for a third straight day......»»

Category: financeSource:  bworldonlineRelated NewsJul 3rd, 2017

Market declines; peso slides further

Market declines; peso slides further.....»»

Category: financeSource:  thestandardRelated NewsJun 22nd, 2017

Bargain hunting drives up stocks

MANILA, Philippines - Share prices went up yesterday, driven largely by bargain hunting, analysts said......»»

Category: financeSource:  philstarRelated NewsJun 19th, 2017