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PSEi slips but clings to 8,900

The local stock barometer ended flat but stayed afloat the 8,900 level on Wednesday as some investors reassessed their portfolios after 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 was "tired" after its 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," ...Keep on reading: PSEi slips but clings to 8,900.....»»

Category: newsSource: inquirer inquirerJan 10th, 2018

PH market slips to bear territory

The local stock market slipped to bear territory on Wednesday as local inflation jitters escalated in the aftermath of Typhoon 'Ompong.' The Philippine Stock Exchange index (PSEi) tumbled.....»»

Category: newsSource:  philippinetimesRelated NewsSep 20th, 2018

PSEi slips on profit-taking ahead of inflation data

LOCAL EQUITIES slumped on the first trading day of September as investors awaited the release of August inflation data, which is expected to clock in another fresh high. The post PSEi slips on profit-taking ahead of inflation data appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsSep 3rd, 2018

PSE index clings to 7,600

The local stock barometer trimmed early losses to cling to the 7,600 level on Friday, but foreign investor interest remained sluggish.   The main-share Philippine Stock Exchange index (PSEi) slipped by 5.02 points or 0.07 percent to close at 7,647.51.   For the week, the PSEi shed 24.77 points or 0.3 percent from last week's finish of 7,672.28.   The local index was weighed down most by the financial, services and property counters.   On the other hand, the industrial, holding firm and mining/oil counters gained.   Value turnover stood at around P5.1 billion. Foreigners were net sellers for the day amounting to P267.81 million. &n...Keep on reading: PSE index clings to 7,600.....»»

Category: newsSource:  inquirerRelated NewsMay 25th, 2018

PSEi slips by 0.19%

The local stock barometer started the week on a sluggish note, weighed down most by the financial counter. The main-share Philippine Stock Exchange index (PSEi) slipped by 14.23 points or 0.19 perc.....»»

Category: newsSource:  philippinetimesRelated NewsMay 22nd, 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

Stenson clings to share of lead; Tiger slips back

MIAMI – Sweden’s Henrik Stenson birdied three consecutive holes and clung to a share of the lead Friday as Tiger Woods slipped back in the second round of th.....»»

Category: sportsSource:  philstarRelated NewsMar 18th, 2018

Peso Keeps Ground Vs USD; PSEi Slips Anew

An anticipation of a 0.2 percent hike in US inflation rate for February 2018 failed to greatly affect the Philippine peso unlike the Philippine Stock Exchange index (PSEi). The local currency finished Wednesday at 52.07 from 52.04 a day ago. A trader said expectations for a rate hike after the Federal Open Market Committee (FOMC) […].....»»

Category: newsSource:  metrocebuRelated NewsMar 15th, 2018

PSEi slips below 8,500

The local stock barometer ended the week on a sluggish mood ahead of the upcoming EDSA Revolution anniversary, slipping below the 8,500 mark on Friday despite the upswing seen across regional markets. The Philippine Stock Exchange index (PSEi) fell by 48.01 points or 0.56 percent to close at 8,467.56, weighed down by foreign investors' heavy selling amid jitters over the upcoming 32-year anniversary of the EDSA Revolution. Investors are pricing in risks that something may happen on Feb. 25, a stock dealer said. For the week - the first under the new Lunar Year of the Dog - the PSEi lost a total of 144.88 points or 1.68 percent. Except for the mining/oil counter which gained 1...Keep on reading: PSEi slips below 8,500.....»»

Category: newsSource:  inquirerRelated NewsFeb 23rd, 2018

PSEi posts new record high; peso slips ahead of GDP report

Investors’ confidence in the local equities market boosted the main index to a new high while the peso slid against the US dollar Monday, with both developments attributed to anticipation over the growth report for the domestic economy for the last quarter and full year 2017......»»

Category: newsSource:  interaksyonRelated NewsJan 23rd, 2018

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

Stock Market: PSEi slips as stocks consolidate anew after climb

THE MARKET opened the week in negative territory as shares consolidated following last week's strong performance......»»

Category: financeSource:  bworldonlineRelated NewsJul 31st, 2017

PSEi slips on lower Q1 GDP, Wall Street decline

PSEi slips on lower Q1 GDP, Wall Street decline.....»»

Category: newsSource:  manilatimes_netRelated NewsMay 18th, 2017

Stock Market: PSEi slips further on profit taking, Trump speech

STOCKS traded in the red for the second straight session, as investors continued to secure gains from previous rallies and ahead of the inauguration of billionaire Donald J. Trump as the 45th President of the United States......»»

Category: financeSource:  bworldonlineRelated NewsJan 12th, 2017

Stock Market: PSEi slips on window dressing ahead of holidays

THE MAIN INDEX slipped anew on Thursday to end in the red for 2016 on lackluster trading as window dressing prevailed ahead of the holidays......»»

Category: financeSource:  bworldonlineRelated NewsDec 29th, 2016

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

Stock Market: PSEi slips on political concerns, bets on Fed hike

THE BELLWETHER index was down yesterday amidst political uncertainty, a perceived hike in the Federal Reserve's interest rate, as well as a downward pull from the Dow, analysts said......»»

Category: financeSource:  bworldonlineRelated NewsOct 5th, 2016

PSEi slips back to 7,600

CONCERNS about domestic and external developments continued to hound Philippine shares on Monday, pulling the bellwether PSEi back to the 7,600 territory. The PSEi lost 1.18 percent or 91.14 points to 7,632.46, while the All Shares also fell by 1.09 perce.....»»

Category: newsSource:  manilatimes_netRelated NewsSep 26th, 2016

PSEi slips on PLDT’s lower income

MANILA, Philippines – The stock market closed lower yesterday, dragged down by index heavyweight Philippine Long Distance Telephone Co......»»

Category: financeSource:  philstarRelated NewsAug 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. 19 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