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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: inquirer inquirerJan 10th, 2018

Peso Stays Afloat, Local Stocks Down on Trade War Jitters

Trade war concerns along with fears of a further rise in domestic inflation due to Typhoon Ompong’s (Mangkhut) devastation increased risk-off sentiment resulting to another slide of the Philippines main equities gauge but the peso improved in line with its regional peers. The Philippine Stock Exchange index (PSEi) ended the day on the red at […].....»»

Category: newsSource:  metrocebuRelated NewsSep 19th, 2018

Peso recovers, stays within 54:$1

The peso slightly recovered yesterday, closing at 54.07 to $1, up four centavos from Monday’s 54.11 to $1......»»

Category: financeSource:  philstarRelated NewsSep 18th, 2018

Peso Stays Strong, Local Shares Shed on Profit-Taking

The Philippine peso finished Monday strong against the US dollar while the Philippine Stock Exchange index (PSEi) fell on profit-taking. Easing of concerns on developments in Turkey allowed the local currency to finish the day at 53.38 at the start of this week from 53.425 close Friday last week. A trader said moves to settle […].....»»

Category: newsSource:  metrocebuRelated NewsAug 22nd, 2018

PSEi up slightly ahead of SONA

THE stock market recovered on Friday with analysts noting last-minute buying ahead of President Rodrigo Duterte’s State of the Nation Address (SONA) on Monday. The bellwether Philippine Stock Exchange index (PSEi) inched up 0.16 percent or 11.74 points to close at 7,399.61 while the wider All Shares eked out 0.10 percent or 4.26 points to finish at… link: PSEi up slightly ahead of SONA.....»»

Category: newsSource:  manilainformerRelated NewsJul 21st, 2018

PSEi up slightly ahead of SONA

THE stock market recovered on Friday with analysts noting last-minute buying ahead of President Rodrigo Duterte’s State of the Nation Address (SONA) on Monday. The bellwether Philippine Stock Exchange index (PSEi) inched up 0.16 percent or 11.74 points to close at 7,399.61 while the wider All Shares eked out 0.10 percent or 4.26 points to finish at [...] The post PSEi up slightly ahead of SONA appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJul 21st, 2018

Reports: Mavericks reach deal with Ferrell, close with Dirk

NBA.com staff report The Dallas Mavericks are making sure one of their young, talented players stays in the fold and are working to keep their franchise icon from going anywhere, too. According to ESPN's Tim MacMahon and Yahoo Sports' Shams Charania, the Mavs have an agreement in place with guard Yogi Ferrell on a two-year contract. In addition, Mavs all-time leading scorer Dirk Nowitzki and the Mavs are making plans to finalize a one-year deal with the former Finals MVP, Charania writes. Last week, the Mavs rescinded Ferrell's qualifying offer, which made him an unrestricted free agent. However, that move was just a formality, MacMahon writes, as the sides were in the final stages of working out the new deal (which costs Dallas slightly less in annual salary). Here's more from Charania on the deal Ferrell and the Mavs reached: Free agent guard Yogi Ferrell has agreed to a two-year, $5.3 million deal to return to the Dallas Mavericks, league sources told Yahoo Sports. Ferrell returned to the Mavericks with the promise of being the backup shooting guard next season, league sources said. The second season of his deal includes a trigger date on July 7, league sources said. Ferrell, 25, earns a two-year contract after spending his first two NBA seasons with the Mavericks and Brooklyn Nets. He joined the Mavericks on a 10-day contract in January 2017, one month after the Nets waived him. Ferrell was an instant success, and had a performance of 32 points and nine 3-pointers against the Portland Trail Blazers on Feb. 3, 2017, leading to a two-year deal. Last season, Ferrell averaged 10.2 points, three assists and 2.5 rebounds per game as he started 21 of 82 games played for Dallas. Per both ESPN and Yahoo Sports, the Mavs are expected to use the remaining salary cap room they have to give Nowitzki a contract. Here's more from Charania on that deal: In what could be Dirk Nowitzki’s final NBA season, the future Hall of Famer and the Dallas Mavericks plan to finalize a one-year, $5 million deal, league sources told Yahoo Sports. Nowitzki and the Mavericks are not in a rush to sign the contract, but Nowitzki remains a Maverick for life. The Mavericks and guard Yogi Ferrell agreed to a two-year, $5.3 million deal on Thursday, leaving the team with $5 million in salary cap space to re-sign Nowitzki. In late June, Nowitzki and the Mavs mutually opted out of his contract for next season to give Dallas more room to make moves in free agency. The Mavs made a sizable splash in free agency this summer as they added former All-Star center DeAndre Jordan. Nowitzki, who has played his entire NBA career with Dallas, became the first international member of the NBA's 30,000-point club in 2017. He is the team's all-time leader in points scored, games played, rebounds, blocks, field goals made and attempted, free throws made and attempted and 3-pointers made and attempted. The Mavericks haven't won a playoff series since taking the title almost seven years ago, cycling through dozens of roster moves to try to give Nowitzki another shot at a title. Information from The Associated Press was used in this report......»»

Category: sportsSource:  abscbnRelated NewsJul 20th, 2018

PSE index up on thin trade

The local stock barometer managed to slightly firm up on Tuesday but at an alarmingly low value turnout. The Philippine Stock Exchange index (PSEi) added 12.24 points or 0.17 percent to close at 7,.....»»

Category: newsSource:  philippinetimesRelated NewsJul 18th, 2018

PSEi buoyed by Wall Street gains

Local equities climbed on Tuesday, July 10, tracking the positive finishes of its global counterparts. The bellwether Philippine Stock Exchange index (PSEi) firmed up 0.65% or 46.67 points to 7,233.29 on Tuesday, while also slightly recovering from a thin value turnover in the previous session. The broader all shares index likewise gained 0.64% or 28.14 […].....»»

Category: financeSource:  bworldonlineRelated NewsJul 10th, 2018

PSEI firms up, gains 2.42%

The local stock barometer rebounded to the 7,100 mark yesterday as local investors picked up oversold stocks, making up for sluggish foreign investor appetite. The main-share Philippine Stock Exchange index (PSEi) racked up 169.22 points or 2.42 percent to close at 7,176.43, firming up for the second straight session. The market entered bear territory last week. All counters ended higher, with the holding firm and property counters, which surged by over 3 percent, as the biggest gainers. The financial counter added 1.17 percent while the industrial, services and mining/oil counters also slightly rose. Value turnover amounted to P6.5 billion. For the first time since May 15...Keep on reading: PSEI firms up, gains 2.42%.....»»

Category: newsSource:  inquirerRelated NewsJun 27th, 2018

Stocks end slightly lower in thin trade

Philippine stocks closed slightly lower on Monday mainly as investors stayed on the sidelines given geopolitical uncertainties overseas. The benchmark Philippine Stock Exchange Index (PSEi) was dow.....»»

Category: newsSource:  philippinetimesRelated NewsMay 29th, 2018

Stocks end flat on lack of leads, US-North Korea

THE MAIN INDEX closed flat on Monday due to a lack of leads, alongside muted trading overseas. The 30-member Philippine Stock Exchange index (PSEi)went down 0.06% or 4.61 points to close at 7,642.90 Monday, May 28. The broader all-shares index also dropped 0.14% or 6.56 points to 4,648.11. “Philippine markets closed slightly in the red […] The post Stocks end flat on lack of leads, US-North Korea appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 28th, 2018

PSEi up slightly on growth news

Share prices inched up on Thursday following the announcement of strong first quarter economic growth, with analysts noting that investors had held back from a buying spree ahead of the results of a Monetary Board policy meeting. The benchmark Philippine Stock Exchange index (PSEi) added 15.73 points or 0.21 percent to close at 7,571 while [...] The post PSEi up slightly on growth news appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsMay 10th, 2018

PSEi falters, stays afloat 7,500

The unified PSE trading floor in BGC The local stock barometer slipped on Monday as investors digested a string of local corporate developments and the latest stream of first quarter earnings resul.....»»

Category: newsSource:  philippinetimesRelated NewsMay 8th, 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

PSE index edges towards 8,000 ahead of US data

THE MAIN INDEX climbed slightly on Wednesday, moving closer to the 8,000 level, as investors awaited new catalysts such as US inflation data set to be released today. The local bellwether Philippine Stock Exchange index (PSEi) rose 9.25 points or 0.11% to 7,943.93. The broader all-shares index declined 3.76 points or 0.07% to 4,813.71. “Philippine […] The post PSE index edges towards 8,000 ahead of US data appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 11th, 2018

PSEi falls below 8,000

The local stock barometer tumbled on Friday ahead of a long weekend break as US-China trade jitters escalated. The main-share Philippine Stock Exchange index (PSEi) lost 76.5 points or 0.95 percent to close at 7,945.66. The index was weighed down most by the financial, industrial and property counters which all fell by over 1 percent. On the other hand, the services and mining/oil counters gained slightly. Total value turnover for the day amounted to P7.58 billion. Foreign investors were mostly sellers resulting in net outflows of P482.69 million. There were 130 decliners that overwhelmed 80 advancers while 40 stocks were unchanged. The PSEi was weighed down most b...Keep on reading: PSEi falls below 8,000.....»»

Category: newsSource:  inquirerRelated NewsApr 6th, 2018

PSE index stays above 8,000, defies regional slump

  The local stock barometer stabilized above the 8,000 mark on Tuesday, defying the slump across most regional markets on selective buying of large-cap stocks. Reversing early losses, the main-share Philippine Stock Exchange index (PSEi) added 9.27 points or 0.12 percent to close at 8,048.72. Elsewhere in the region, stock markets were mostly lower, tracking the overnight decline in Wall Street. The PSEi was led higher by the holding firm and mining/oil counters, which both advanced by over 1 percent. The services and property counters also firmed up. On the other hand, the financial counter declined by 1.13 percent while the industrial counter also fell by 0.9...Keep on reading: PSE index stays above 8,000, defies regional slump.....»»

Category: newsSource:  inquirerRelated NewsApr 3rd, 2018

PSEi down slightly on investor caution

LOCAL shares dipped on Monday as investors remained cautious over upcoming monetary policy meetings. The benchmark Philippine Stock Exchange index (PSEi) lost 2.61 points or 0.03 percent to close at 8,238.54 while the wider All Shares dropped 0.68 percent or 33.70 points to finish at 4,948.80. “I think investors are just being cautious ahead of FOMC meeting,” [...] The post PSEi down slightly on investor caution appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsMar 19th, 2018

PSE underperforms regional marts

The local stock barometer slipped back to the 8,300 level in thin trading on Thursday, underperforming regional markets, as foreign investors continued to trim holdings while local investors traded mostly volatile smaller-cap stocks. The main-share Philippine Stock Exchange index (PSEi) shed 22.84 points or 0.27 percent to close at 8,381.85 while regional markets were mostly up as worries about trade wars eased. The PSEi was weighed down by the financial, industrial, holding firm and property counters. On the other hand, the services counter gained 1.04 percent, while the mining/oil counter also slightly rose. Value turnover was relatively thin at P5.83 billion as investors l...Keep on reading: PSE underperforms regional marts.....»»

Category: newsSource:  inquirerRelated NewsMar 8th, 2018

PSEi dips as trading week starts

Last-minute buying failed to boost the stock market on Monday with the bellwether Philippine Stock Exchange index (PSEi) losing 3.42 points or 0.04 percent to 8,361.69. The broader All Shares shed 0.02 percent or 0.80 points to close at 4,888.32. “Philippine markets traded mostly in the red but were up just to finish slightly down [...] The post PSEi dips as trading week starts appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsNov 28th, 2017