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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

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

Government debt declines slightly to P6.875 trillion

The country’s debt pile slightly declined to P6.875 trillion as of end-April from P6.879 trillion as of end-March due to stronger peso and third currency fluctuations, the Bureau of the Treasury reported yesterday......»»

Category: financeSource:  philstarRelated NewsMay 31st, 2018

Stocks to climb as investors go bargain hunting

STOCKS are seen to rise in the week ahead as investors look for bargains amid the shortened trading week. The bellwether Philippine Stock Exchange index (PSEi) firmed up 2.39% or 181.11 points to close at 7,752.11 last Friday, marking a 2.73% increase on a weekly basis. Analysts pointed to the Bangko Sentral ng Pilipinas’ interest […] The post Stocks to climb as investors go bargain hunting appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 14th, 2018

Stocks rebound as top companies post double-digit earnings

By Arra B. Francia, Reporter Shares bounced back on Tuesday, May 8, as index heavyweights reported positive performances for the first quarter of 2018, prompting investors to go bargain hunting. The bellwether Philippine Stock Exchange index climbed 0.59% or 44.29 points to close at 7,577.57 yesterday. The broader all-shares index likewise rose 0.6% or 27.72 points […] The post Stocks rebound as top companies post double-digit earnings appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 8th, 2018

Bargain hunting snaps market skid

The stock market snapped its three-day losing streak after pulling off a late rally as investors took advantage of bargains......»»

Category: financeSource:  philstarRelated NewsApr 26th, 2018

Peso declines as trade war tensions cool

The peso plunged to a one-month low on Monday, April 23, as the dollar gained strength, propped up by rising bond yields in the United States and easing tensions over a trade war with China. The local unit closed at P52.24 versus the greenback on Monday, 14.5 centavos weaker than Friday’s P52.095 finish. This is […] The post Peso declines as trade war tensions cool appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsApr 23rd, 2018

Bargain hunt lifts bourse back above 7,700

THE Philippine Stock Exchange Index (PSEi) managed to crawl back above the 7,700 line on Friday amid bargain-hunting after falling to a one-year low the preceding day, even as it continued a trend of weekly losses. PSEi gained 44.48 points or 0.57% to close 7,726.72 on Friday, while the all-shares index added 21.64 points or […] The post Bargain hunt lifts bourse back above 7,700 appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 20th, 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

Stocks up in early trade on bargain-hunting 

PHILIPPINE shares rebounded in early trading on Wednesday on bargain-hunting as investors snapped up equities that have reached oversold conditions. At the noon break, the bellwether Philippine Stock Exchange index was up 91.25 points or 1.18 percent at 7,814.64. The broader All Shares had inched up 36.30 points or 0.77 percent to 4,732.26. Summit Securities, Inc. President Harry Liu [...] The post Stocks up in early trade on bargain-hunting  appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsApr 18th, 2018

Bargain hunting propels PSEi past 8,000 mark

LAST-MINUTE bargain hunting drove the local main index to climb on Thursday to surpass the 8,000 mark anew. The bellwether Philippine Stock Exchange index (PSEi) rose 99.14 points or 1.24% to 8,043.07 yesterday. The wider all-shares index edged up 45.11 points or 0.93% to 4,858.82. Timson Securities, Inc. equity trader Jervin S. de Celis said […] The post Bargain hunting propels PSEi past 8,000 mark appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 12th, 2018

Stocks bounce back as investors hunt for bargains

Shares bounced back past the 8,000 level on Tuesday, March 27, with investors going bargain hunting after the main index dipped below the record territories in previous weeks. The 30-member Philippine Stock Exchange index recovered from a two-day slump, gaining 1.445 or 114.65 points to close at 8,047.03. The all-shares index also climbed 1.21% or […] The post Stocks bounce back as investors hunt for bargains appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 27th, 2018

PSE index rebounds as investors pick up bargains

SHARES bounced back past the 8,000 level on Tuesday, with investors going bargain hunting after the main index dipped below record territory in previous weeks. The 30-member Philippine Stock Exchange index (PSEi) recovered from a two-day slump today, gaining 1.44% or 114.65 points to close at 8,047.03. The all-shares index also climbed 1.2% or 57.79 […] The post PSE index rebounds as investors pick up bargains appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 27th, 2018

PSEi snaps three-day slump

By Arra B. Francia, Reporter The main index recovered from its slump on Thursday, March 22, as investors went on bargain hunting following the US Federal Reserve’s announcement of its first rate hike for the year. The 30-company Philippine Stock Exchange index (PSEi) jumped 2.72% or 215.38 points to finish at 8,124.45 on Thursday, snapping […] The post PSEi snaps three-day slump appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMar 22nd, 2018

Bargain-hunting lifts PSEi 1.13% in morning trade

SHARE prices rebounded in early trading on Thursday as investors went bargain-hunting after three straight sessions of being in the red. The bellwether index grew 1.13 percent or 89.18 points to 7,998.25. The broader All Shares rose 0.96 percent or 45.80 points to 4,834.86. “This is a technical bounce after several days of run-up. Several investors opted [...] The post Bargain-hunting lifts PSEi 1.13% in morning trade appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsMar 22nd, 2018

Yields on gov’t debt drop

TRADING IN government securities (GS) was muted last week, causing yields to flatten, amid bargain hunting as investors watched developments in the United States and ahead of central banks’ monetary policy meetings this week. Yields on government debt fell 3.19 basis points (bps) on average, according to Philippine Dealing & Exchange Corp. data as of […] The post Yields on gov’t debt drop appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMar 18th, 2018

Stocks close higher on bargain-hunting; Jollibee up more than 7%

SHARE prices closed higher Friday, propelled by bargain-hunting late in the session, with blue chips leading the main index higher as Jollibee posted a gain of more than 7%. The Philippine Stock Exchange Index (PSEi) closed at 8,238.15, up 48.14 points or 0.59%, while the all-shares index closed at 4,982.50, up 16.06 points or 0.32%. […] The post Stocks close higher on bargain-hunting; Jollibee up more than 7% appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMar 16th, 2018

Stocks rebound on bargain hunting

Local markets recovered on Friday, March 16, from bargain hunting and performance of blue chips. The Philippine Stock Exchange Index (PSEi) closed at 8,238.15, during the closing hour, higher by 48.14 points or 0.59%, while the all-shares index closed at 4,982.50, higher by 16.06 points or 0.32%. “In a stunning upward performance at the close, […] The post Stocks rebound on bargain hunting appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 16th, 2018

Bargain hunting snaps week-long PSEi fall

MANILA, Philippines — The stock market recovered yesterday on bargain hunting, boosting the main composite index by 44.47 points, or 0.53 percent, to settle.....»»

Category: financeSource:  philstarRelated NewsMar 7th, 2018