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PSEi bucks regional downtrend on positive earnings results

The stock market rallied yesterday after a long weekend, bucking sluggish regional markets behind a slew of positive corporate earnings results......»»

Category: financeSource: philstar philstarMay 16th, 2018

PSEi bucks regional downturn, posts 1.39% gain

The local stock barometer climbed back to the 7,300 level yesterday, bucking the downturn across regional markets albeit in thin trading volume. The Philippine Stock Exchange index (PSEi) racked up 100.44 points, or 1.39 percent, to close at 7,333.73 as all sectors gained. With a lack of clear positive catalysts locally, Papa Securities said some positivity from the global front had trickled to the local market, citing the strong performance of the US market overnight. The Dow Jones Industrial Average gained 143.07 points, or 0.58 percent, to close at 24,919.66 on Wednesday night. The S&P index likewise closed at its highest since Feb. 1 this year. Papa Securities said PS...Keep on reading: PSEi bucks regional downturn, posts 1.39% gain.....»»

Category: newsSource:  inquirerRelated NewsJul 11th, 2018

PSEi bucks regional downturn as bargain hunters return

The stock market recovered yesterday, bucking the regional downtrend as investors returned to hunt for bargains......»»

Category: financeSource:  philstarRelated NewsApr 13th, 2018

Corporate results boost stock market to new high

Investors took heart from earnings results to boost the stock market to a new high on Monday with the benchmark Philippine Stock Exchange index (PSEi) gaining 1.75 percent or 146.94 points to close at 8,523.07. The wider All Shares rose 1.42 percent or 69.70 points to settle at 4,968.60. “Contrary to the regional trend, [the]Philippine [...] The post Corporate results boost stock market to new high appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsNov 6th, 2017

Foreign buying, Q2 results boost stock market

THE stock market briefly returned to the 7,600 level on Wednesday, supported by net foreign buying and positive earnings results from listed firms. The benchmark Philippine Stock Exchange index rose to as high as 7,620.39 before losing some steam to end the day up 0.90 percent or 66.98 points at 7,514.00. The wider All Shares grew [...] The post Foreign buying, Q2 results boost stock market appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsJul 25th, 2018

PSEi up; earnings reports awaited

THE stock market regained strength on Tuesday with investors said to be anticipating strong earnings results from listed firms.. The Philippine Stock Exchange index (PSEi) inched up 0.17 percent or 12.24 points to close at 7,381.68 while the broader All Shares eked out 0.06 percent or 2.78 points to end at 4,465.38. “The market ended on the [...] The post PSEi up; earnings reports awaited appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsJul 18th, 2018

Relief rally seen as earnings reports start coming in

Stock market investors may see a continued relief rally this week as second quarter local corporate results start trickling in. Last week, the main-share Philippine Stock Exchange index (PSEi) reco.....»»

Category: newsSource:  philippinetimesRelated NewsJul 2nd, 2018

PSE index slips on US yields, geopolitical tension

STOCKS FELL on Wednesday, following the downtrend in regional markets caused by rising US Treasury yields along with fresh geopolitical tension in the region. The bellwether Philippine Stock Exchange index (PSEi) dropped to the 7,700 level intraday before trimming losses at the closing bell, finishing 0.20% or 16.41 points lower to 7,869.56. The broader all-shares […] The post PSE index slips on US yields, geopolitical tension appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 16th, 2018

Stock market up on GDP prospects

Share prices advanced on Tuesday as investors took to shopping in anticipation of positive first quarter gross domestic product (GDP) growth results. The benchmark Philippine Stock Exchange index (PSEi) climbed by 0.59 percent or 44.29 points to close at 7, 577.57 while the broader All Shares gained 27.72 points or 0.60 percent to 4, 629.33. [...] The post Stock market up on GDP prospects appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsMay 8th, 2018

PSEi bucks Syria fears, returns to 8,000 territory

THE stock market bucked a regional decline to return to the 8,000 level on Thursday, with analysts pointing to the possibility of further gains ahead. The Philippine Stock Exchange index (PSEi) rose by 1.25 percent or 99.14 points to end at 8,043.07. The broader All Shares grew 0.94 percent or 45.11 points to finish at [...] The post PSEi bucks Syria fears, returns to 8,000 territory appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsApr 12th, 2018

SMC core profit up 11% in 2017

By Krista A. M. Montealegre, National Correspondent SAN MIGUEL Corp. (SMC) chalked up a double-digit growth in recurring earnings last year on the back of the strong performance of its traditional businesses coupled with the positive results of its power and oil segments. In a statement on Thursday, the diversified conglomerate reported its   recurring […] The post SMC core profit up 11% in 2017 appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 16th, 2018

PSEi bucks regional uptrend

MANILA, Philippines — The Philippine stock market bucked the upswing in regional markets, closing in negative territory due to the absence of market moving n.....»»

Category: financeSource:  philstarRelated NewsMar 9th, 2018

Letters From Davao by Jun Ledesma

EJK THE FAVORITE DISH of the political opposition, leftists and the pan-handling human rights watch organizations had always been extra-judicial-killing. And their principal suspect is then Davao City Mayor Rodrigo Roa Duterte now President of the Republic of the Philippines.  EJK is actually a political propaganda leveled by the adversaries of the unbeatable Mayor who, during his term as mayor, ran practically unopposed. Those who salivate for the position and dared to run were not only trounced but end up humiliated because the results of the elections have always been lopsided in favor of Digong. The last attempt of his political rivals was to consort with the Commission on Human Rights which was then chaired by Leila de Lima. This was in 2009 a few months before elections in 2010. The local human rights organization and HRW New York connived with CHR to the death of what they claimed were 280 plus victims of EJK. As if this was not enough, they succeeded in bringing in Philip Alston, a Rapporteur of the United Nations Human Rights Commission, to lend drama to the much ballyhooed probe conducted by CHR Chair De Lima.  HRW New York also published a book titled “You Can Die Anytime…”. For over five months of intensive and expansive investigation within which time Duterte took a leave of absence and gave up his supervisory over the police,  to assure the probers a free hand, De Lima and her team never produced a piece of evidence. CHR Chair De Lima even added spice to her task. All the members of her probe team were from Manila. The summons and warrants she all secured from the Regional Trial Courts in Metro Manila because according to her she cannot trust the judges in Davao because they are scared of the Davao Death Squads of Duterte. Well, she became Secretary of Justice and then Senator. She continued haranguing Duterte with EJK issue. The sound bites had all become too familiar as it had become too boring. When she became Senator, she resurrected the EJK charges against Mayor Duterte, who had been catapulted to the highest position of the land by then. This time she had fellow Sen. Antonio Trillanes to revive her issue against Duterte. The duo produced two witnesses, Matobato and Lascañas who at the start of the senate drama contradicted each other but then later sang the same but discordant tune. Matobato had earlier confessed that by himself he killed over 200 on orders of Duterte. Lascañas who refuted the claims of Matobato later turned 180 degrees and joined him for reasons that can be subjected to millions of speculations. This time the duo claimed they buried more than 2,200 EJK victims in an abandoned quarry which is just about three kilometers from city hall. It was the same (Laud) quarry where, in 2009, CHR Chair De Lima made several diggings to look for cadavers but found none. Oh well, they actually unearthed an incomplete skeletal remains of what looked like a Cro-Magnon man along with two pairs of a new license car plates. If you do not call that planted pieces of evidence I do not know what those are but the RTC Judge in Makati threw these out for the badly deteriorated skeletons and the license plates are inadmissible in court. As DOJ Secretary and Senator one wonders why she never came back with pick and shovel this time with Matobato and Lascañas in tow. They could have easily pinpoint the graveyard since they alleged they buried their victims there. This time with more than 2,200 victims buried in that small quarry land, one can shoot an arrow in the air and it could fell anywhere on a burial ground and find their victims there. Instead, De Lima, Trillanes, Matobato and Lascañas opted to unearth their victims in the halls of the senate. I must say though that they succeeded in their quest because they not only increased the numbers of alleged EJK from 300 to 2,200 in Davao City alone and then to 3,000 plus which became the adopted figure of Time Magazine, Rappler and the rest of anti-Duterte publications. The exaggeration did not end there for anywhere from 7,000 to  over 13,000 is now what you see in their score board. The amplification of EJK estimates also depend on events. Before the ASEAN summit in Manila,  an organization even came out with a jarring figures alleging 30-million perished by EJK in the Philippines. Whatever are the concocted figures  by whoever extrapolates or publishes it the fact remains that majority of the Filipinos supports President Duterte on his war on drugs.  This is reflected by the results of surveys which complimented each other’s findings. The positive indicators however are always drowned by the noise and overestimations of the rabid critics of Duterte. For whatever reasons moreover, recently the razzmatazz over EJK had died down as quickly as the numbers of the victims rise. I can only attribute this to the potential bombshell that the controversial Dengvaxia vaccine will create. Suddenly parents of children inoculated with the vaccine are confronted with a terrible and horrible prospect their kids might suffer the severe attack of dengue. The attack dogs that had a pound of flesh of Duterte had their tails behind their legs and the rabid fangs clamped. It is time to think of how to parry the slings […].....»»

Category: newsSource:  mindanaoexaminerRelated NewsDec 13th, 2017

PSEi down anew, bucks regional gains

SHARE prices retreated anew on continued consolidation, with the bellwether Philippine Stock Exchange index (PSEi) shedding 0.28 percent or 23.51 points to close at 8,265.68. The broader All Shares dropped 0.11 percent or 5.30 points to finish at 4,846.38 with investors ignoring another record close on Wall Street that boosted other Asian markets. “We’re still [...] The post PSEi down anew, bucks regional gains appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsNov 23rd, 2017

PSEi bucks regional uptrend

MANILA, Philippines — Philippine stocks bucked the regional uptrend due to the continued absence of market-moving news, analysts said......»»

Category: financeSource:  philstarRelated NewsNov 21st, 2017

PSEi up slightly; Q3 results awaited

The stock market regained ground on Friday but stayed inside 8,200 territory as investors chose to await the release of more earnings results. The benchmark Philippine Stock Exchange index (PSEi) added 0.34 percent or 28.03 points to close at 8,295.95. The broader All Shares rose 0.25 percent or 12.11 points to finish at 4,857.56. “Philippine [...] The post PSEi up slightly; Q3 results awaited appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsOct 28th, 2017

Stock Market: Focus turns to Q2 results as PSEi breaches 8,000

AFTER BREACHING the psychological resistance of 8,000 points, the Philippine Stock Exchange index (PSEi) is expected to track second-quarter corporate earnings, with sentiment to be affected by the traditional window-dressing as investors welcome the "ghost month" and also the Federal Reserve's dovish stance......»»

Category: financeSource:  bworldonlineRelated NewsJul 30th, 2017

Stocks rise on window-dressing, ahead of more Q2 results

SHARE prices on the Philippine Stock Exchange (PSE) closed firmer on Friday on window-dressing for the end of the month while investors took positions for the release of more second-quarter earnings results. The benchmark PSEi finished up 25.69 points or 0.32 percent at 8,071.47. The wider All Shares added 9.02 points or 0.19 percent to [...].....»»

Category: newsSource:  manilatimes_netRelated NewsJul 28th, 2017

PSEi mirrors regional uptrend

MANILA, Philippines - The stock market started the week on a positive note as share prices got a lift from the uptrend in Asian equities......»»

Category: financeSource:  philstarRelated NewsMay 22nd, 2017

Share prices buck regional downtrend

MANILA, Philippines -  Local stocks staged a late afternoon rally Friday as investors turned a weak start into a positive finish......»»

Category: financeSource:  philstarRelated NewsMar 3rd, 2017

Stock Market: PSEi slips ahead of corporate earnings, US GDP

THE local stock barometer slid for a third straight session as investors assume a risk-off position amid light data on corporate earnings and ahead of preliminary US gross domestic product (GDP) results to be released this week......»»

Category: financeSource:  bworldonlineRelated NewsOct 24th, 2016