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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

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

PSEi trims gains after hitting intra-day high

THE stock market hit a new intra-day record on Tuesday but trimmed its gains as the day ended. After jumping to as high as 8,969, profit-taking pulled the bellwether Philippine Stock Exchange index (PSEi) down to a close of 8,865.13, still up 0.08 percent or 7.41 points from the previous day. The broader All Shares, [...] The post PSEi trims gains after hitting intra-day high appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated News18 hr. 42 min. ago

Stock market up on foreign buying

SHARE prices advanced on Monday with the bellwether Philippine Stock Exchange index (PSEi) adding 0.49 percent or 43.10 points to close at 8,857.72. The broader All Shares, meanwhile, gained 0.55 percent or 27.84 points to finish at 5,126.59. “I don’t see any new market-moving events that have boosted the market and the volume is quite [...] The post Stock market up on foreign buying appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsJan 15th, 2018

PSEi ends flat as investors stay on sidelines

AFTER hitting fresh highs this week, Philippine shares closed flat on Friday, as investors chose to stay on the sidelines and reposition their portfolios. The 30-member Philippine Stock Exchange index added 0.02% or 1.37 points to close the week at 8,814.62. The all-shares index meanwhile fell 0.05% or 2.66 points to 5,098.75. “Philippine markets settled […] The post PSEi ends flat as investors stay on sidelines appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsJan 12th, 2018

Profit-taking pulls PSEi back to 8,800

The Philippine Stock Exchange index (PSEi) briefly dipped to the 8,700 level on Thursday but recovered somewhat to close at 8,813.27, down 1.20 percent or 107.04 points. The broader All Shares, meanwhile, dropped 0.83 percent or 42.76 points to finish at 5,101.41. “I think that would just be indicative of an early correction,” Philstocks Financial, [...] The post Profit-taking pulls PSEi back to 8,800 appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsJan 12th, 2018

Index retreats from record territory

MANILA, Philippines — The benchmark Philippine Stock Exchange index (PSEi) pulled back yesterday after soaring to a record high on Tuesday......»»

Category: financeSource:  philstarRelated NewsJan 11th, 2018

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:  inquirerRelated NewsJan 10th, 2018

PSEi closes at new record near 9,000 level

The bulls charged again at the Philippine Stock Exchange after taking one-day breather, sending the PSE index (PSEi)up 178.60 points or 2.04 percent to a new high of 8923.72. #BeFullyInformed PSEi closes at new record near 9,000 level The bulls charged again at the Philippine Stock Exchange after taking one-day breather, sending the PSE index… link: PSEi closes at new record near 9,000 level.....»»

Category: newsSource:  manilainformerRelated NewsJan 10th, 2018

Another record high as PSEi breaches 8,900

THE stock market broke past the 8,900 level on Tuesday with investors continuing to show optimism in the economy following the implementation of a tax reform law. The benchmark Philippine Stock Exchange index (PSEi) jumped 2.04 percent or 178.60 points to close at 8,923.72, the highest since Friday’s 8,770 and the fourth record high since [...] The post Another record high as PSEi breaches 8,900 appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJan 10th, 2018

Stock mart resumes climb to new record high

By Arra B. Francia Reporter THE PHILIPPINE STOCK EXCHANGE INDEX (PSEi) broke through the 8,900 line on Tuesday, resuming its ascent to a fresh peak on the back of expectations that the next tax reform package will cut corporate income tax rates. The fifth trading day of 2018 saw PSEi log its fourth record high, […] The post Stock mart resumes climb to new record high appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsJan 9th, 2018

PSEi closes at new all-time high, breaches 8,900 level

PSEi closes at new all-time high, breaches 8,900 level.....»»

Category: financeSource:  philstarRelated NewsJan 9th, 2018

Stock market dips, peso back at $50:$1

The stock market halted a run of record highs on Monday as investors resorted to profit-taking, while the peso also fell given the prospect of fresh US interest rate hikes. The bellwether Philippine Stock Exchange index (PSEi) retreated by 0.28 percent or 24.88 points to close at 8,745.12. The wider All Shares dipped 0.21 percent [...] The post Stock market dips, peso back at $50:$1 appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJan 9th, 2018