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PSEi snaps losing streak as global markets recover

STOCKS firmed on Tuesday, tracking the recovery of global markets that began to show signs of stability after consecutive losses in previous weeks. The bellwether Philippine Stock Exchange index (PSEi) gained 0.96% or 82.23 points to 8,570.14, ending three days of losses amid thinner trading. The all-shares index also edged higher by 0.54% or 27.31 […] The post PSEi snaps losing streak as global markets recover appeared first on BusinessWorld......»»

Category: newsSource: bworldonline bworldonlineFeb 13th, 2018

Shares snap losing streak to track Wall St.’s rise

LOCAL SHARES snapped their three-day losing streak on Monday, lifted by the upswing in global markets as the US Federal Reserve hinted on more rate hikes this year. The 30-member Philippine Stock Exchange index (PSEi)   climbed 0.38% or 32.42 points to 8,499.98 yesterday, managing to reverse intraday losses that saw the market sink to […] The post Shares snap losing streak to track Wall St.’s rise appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsFeb 26th, 2018

Stocks on 3-day losing streak

Share prices continued their descent yesterday, with the benchmark index posting a fresh one-year low for a second consecutive session behind a slump in global markets......»»

Category: financeSource:  philstarRelated NewsApr 25th, 2018

PSEi snaps 3-day losing streak on US rally

LOCAL shares snapped their three-day losing streak in early trading on Monday as sentiment was lifted by the gains on Wall Street on Friday after February US jobs data came in better than expected. At the noon break, the bellwether Philippine Stock Exchange index (PSEi) was up 97.33 points or 1.16 percent at 8,469.84.  The wider All Shares index was up 44.63 [...] The post PSEi snaps 3-day losing streak on US rally appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsMar 12th, 2018

PSEi snaps losing streak

Share prices snapped a five-day losing streak on Wednesday with the benchmark Philippine Stock Exchange index regaining 0.53 percent or 44.47 points to close at 8,404.69. The broader All Shares rose 0.44 percent or 22.15 points to end at 5,055.87. “I think investors just bought back selected oversold stocks at the close despite looming trade war [...] The post PSEi snaps losing streak appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsMar 7th, 2018

PSEi snaps decline, returns to 8,300 level

THE stock market snapped its losing streak on Wednesday with the benchmark Philippine Stock Exchange index adding 23.43 points or 0.28 percent to close at 8,303.35. The wider All Shares gained 9.24 points or 0.19 percent to finish at 4,864.56. “After several down days, some issues managed to make some rallies—like SM Investments Corp., JG [...] The post PSEi snaps decline, returns to 8,300 level appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsOct 26th, 2017

PSEi snaps losing streak, gains 0.43%

PSEi snaps losing streak, gains 0.43%.....»»

Category: newsSource:  manilatimes_netRelated NewsAug 14th, 2017

Financial marts end 2016 weaker on the year

THE COUNTRY’s financial markets ended 2016 weaker than their 2015 finish, closing a turbulent year that saw the Philippine Stock Exchange index (PSEi) extend its losing streak for a second year......»»

Category: newsSource:  bworldonlineRelated NewsDec 29th, 2016

Front Page: Financial marts end 2016 weaker on the year

THE COUNTRY's financial markets ended 2016 weaker than their 2015 finish, closing a turbulent year that saw the Philippine Stock Exchange index (PSEi) extend its losing streak for a second year......»»

Category: financeSource:  bworldonlineRelated NewsDec 29th, 2016

Last-minute buying lifts stock market

THE stock market recovered on Wednesday, snapping a four-day losing streak as investors went on a last-minute buying spree. The benchmark Philippine Stock Exchange index (PSEi) rose 0.18 percent or 13.14 points to end at 7,540.92 after trading in negative territory throughout the day. The broader All Shares, meanwhile, added 0.35 percent or 16.13 points to [...] The post Last-minute buying lifts stock market appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated News12 hr. 20 min. ago

Trump, EU trade talks excite markets; PSEi rushes past 7,600 level

The stock barometer rallied to the 7,600 level yesterday as foreign funds started flowing back to large-cap stocks while global trade tension eased. The main-share Philippine Stock Exchange index (.....»»

Category: newsSource:  philippinetimesRelated NewsJul 27th, 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

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

PSE index sinks to 7,500 level on rising US yields

THE MAIN INDEX dropped to the 7,500 level on Wednesday, tracking global markets spooked by the continued rise in US yields. The Philippine Stock Exchange index (PSEi) failed to hold early morning gains as it dropped 0.55% or 42.45 points to close at 7,557.91 Wednesday, Apr. 25, marking a fifth consecutive day of decline. The […] The post PSE index sinks to 7,500 level on rising US yields appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsApr 25th, 2018

10 things to know about the 2018 NBA Playoffs

By Tim Reynolds, Associated Press With the NBA playoffs starting Saturday (Sunday, PHL time), here are 10 things to know: LEBRON’S STREAK Pacers fans, avert your eyes. LeBron James hasn’t experienced losing a first-round game in nearly six years. James’ teams have won 21 consecutive opening-round contests, a streak that started in Game 5 of the Miami-New York series in 2012. Combining his Cleveland and Miami years, James’ teams have won 46 of their last 51 first-round games. James and the Cavs play Indiana in the first round this season. MORE LEBRON James could set a slew of NBA records in these playoffs. He’s already the all-time postseason leader in points, is seven steals from passing Scottie Pippen (395) for the playoff record in that department, is four shots from passing Kobe Bryant (4,499) for another career postseason mark. Depending on how long Cleveland’s postseason lasts, James also has a shot at passing Ray Allen (385) for career postseason 3-pointers; he’s 55 shy of taking over the No. 1 spot there. And if the Cavs make a deep run James could also catch Kareem Abdul-Jabbar (2,356) for most field goals. KERR BATTLE Golden State coach Steve Kerr is estranged from his son. Temporarily. Nick Kerr works for the San Antonio Spurs — the Warriors’ opponent in a Western Conference first round series. This has long been a source of great amusement for Spurs coach Gregg Popovich, who coached Steve Kerr as a player and remains close with him now. Popovich has said that Nick Kerr is the subject of additional security screenings at work, just to ensure he’s not a spy for the Warriors. (No, Pop wasn’t serious.) Steve Kerr says he and his son are “recusing ourselves” from family interaction during the series. “I think they already confiscated Nick’s phone,” he said. SO CLOSE ... You have to feel for Omri Casspi and DeMarcus Cousins. No active players have appeared in more regular-season games without any getting any postseason run than Casspi and Cousins. Casspi has played in 552 games, Cousins 535. And both were right on the cusp of ending their droughts this year; Casspi was waived by Golden State because it needed a roster spot once he hurt his ankle, and Cousins tore his Achilles’ to end his season with New Orleans. Tom Van Arsdale (929) is the record-holder for most regular-season games without seeing postseason play, followed by Otto Moore (682), Nate Williams (642), Sebastian Telfair (564), then Casspi and Cousins. GLOBAL GAME These NBA playoffs will be more global than ever. A record 62 international players, from a record 33 countries, are headed to the postseason. Every playoff team has at least one international player on its roster, with Utah and Philadelphia both featuring seven and Boston, Toronto and San Antonio six each. France and Australia lead the way in international representation in these playoffs, with seven players from each nation making it to the second season. Canada and Spain both have four. STREAKING SPURS This wasn’t San Antonio’s best season; the Spurs got “only” the seventh seed in the West. But their streak lives. This is the 21st consecutive season the Spurs have made the playoffs, one shy of matching Philadelphia for the longest NBA run. To put their current streak in perspective, the soonest any other NBA club will be able to say that it has a 21-season postseason streak will be 2033. Golden State and Houston have the second-longest active postseason streaks, at six. Portland and Toronto have been to five in a row, and four teams in this postseason — Miami, Minnesota, Philadelphia and New Orleans — didn’t qualify for the playoffs a year ago. MONEY MATTERS Portland and Philadelphia have already won a little extra money. By winning on the season’s final night to ensure each finished alone in third in their respective conferences, the Trail Blazers and 76ers picked up another $64,842 from the NBA’s record $20 million playoff pool this season. Playoff teams split payouts from the pool, often toward bonuses for players and staff. Houston is assured $1,380,065 from the pool so far. Toronto is assured $803,222 while Boston and Golden State are up to $704,169. Every playoff team will receive at least $298,485 — and the payouts keep rising as teams keep advancing. The NBA champion will claim at least $4,782,438; the runner-up, at least $3,587,489. START FAST Of the 15 series played in the 2017 postseason, Game 1 winners ultimately won the best-of-seven 12 times. That 80 percent clip is consistent with the league norm. Since the 1983-84 season, winners of Game 1 have gone on to win the series 79 percent of the time. But that guarantees nothing — over the last seven years, four teams have lost Game 1 of the NBA Finals and gone on to win the championship anyway. DEFEND HOME COURT Home-court “advantage” really didn’t exist in the 2017 playoffs. Road teams won 43 percent of the postseason games played last year, and it’s reasonable to think such a success rate might be in play again this year. The 16 teams in these playoffs combined to win 351 games on the road in the regular season, or 54 percent. Ordinarily, road teams win playoff games about 35 percent of the time. FINALLY, MINNESOTA The Timberwolves are in the playoffs for the first time since 2004. During that 14-year drought, the franchise had nine different coaches, used 131 different players, 92 different starters, took 93,776 field-goal attempts and scored 112,664 points. Here might be the best illustration of how long the postseason wait was for Minnesota: Only 12 of the 59 players taken in the 2004 draft were still in the NBA this season. The only player the Timberwolves drafted in the year of their last playoff run was Blake Stepp, who never made the NBA but played at least three times in the World Series of Poker......»»

Category: sportsSource:  abscbnRelated NewsApr 14th, 2018

PSEi returns to 8,000 level; trade war concerns recede

THE stock market snapped a losing streak on Tuesday, returning to the 8,000 level, as concerns over a trade war between China and the United States eased. The benchmark Philippine Stock Exchange index (PSEi) grew by 1.44 percent or 114.65 points to claw up to 8,047.03. The wider All Shares rose 1.21 percent or 57.79 points [...] The post PSEi returns to 8,000 level; trade war concerns recede appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsMar 28th, 2018

PSEi drops below 8,000 anew on US-China trade war jitters

  Local stocks fell below the 8,000 mark anew on Friday as a brewing US-China trade war spooked global markets. The main-share Philippine Stock Exchange index (PSEi) tumbled by 153.65 points or 1.89 percent to close at 7,970.80. About P1 billion worth of foreign funds exited the stock market during the day. For the week, the PSEi shed a total of 267.35 points or 3.24 percent. "The looming trade war triggered investors to run for the shelters. The smell of gunpowder is getting stronger," said Astro del Castillo, managing director at fund management firm First Grade Finance Corp. "The consequences will not be good for the global economy." US President Donald Trump o...Keep on reading: PSEi drops below 8,000 anew on US-China trade war jitters.....»»

Category: newsSource:  inquirerRelated NewsMar 23rd, 2018

UAAP Season 80 Men s Football: DLSU snaps losing skid to open second round

De La Salle University finally snapped a three-match losing streak, opening the second round of the UAAP Season 80 Men's Football tournament with a 2-0 win over Adamson University, Thursday morning at the Rizal Memorial Football Stadium.  After a scoreless first half of action, the Green Archers took over in the second frame, and after an Adamson foul inside the box, the DLSU was rewarded with a penalty kick attempt.  Jed Diamante calmly sank the penalty to give DLSU a 1-0 lead at the 68th minute.  Less than ten minutes later, Chris Lawless put the game on ice with a 77th minute coversion to double the DLSU lead.  With the win, DLSU improves to four wins and four losses for 12 points and get right back in the Final Four mix.  Adamson meanwhile remains winless in eight matches for zero points. .....»»

Category: sportsSource:  abscbnRelated NewsMar 8th, 2018

UP snaps losing streak with victory over UST

By Michael Angelo S. Murillo Senior Reporter THE University of the Philippines (UP) broke from a chain losses yesterday, defeating the University of Santo Tomas (UST) Golden Tigresses in four sets, 33-31, 25-23, 25-16 and 25-12, in their UAAP Season 80 women’s volleyball encounter to get back in the win column. Losers of their last […] The post UP snaps losing streak with victory over UST appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsFeb 28th, 2018

PSEi dips below 8,500

By Arra B. Francia, Reporter LOCAL shares continued to decline on Friday, dragged by index heavyweights unloaded by foreign investors. The 30-member Philippine Stock Exchange index lost 0.56% or 48.01 points to 8,467.56 on Friday, failing to follow the general upswing seen in global markets. The broader all-shares index likewise declined 0.47% or 23.63 points […] The post PSEi dips below 8,500 appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsFeb 24th, 2018

PSEi snaps 5-day rise, returns to 6,000 level

THE stock market snapped a five-day winning streak on Wednesday with analysts noting investor concerns over the possibility of interest rate hikes. Following gains since Tuesday last week and a holiday break on Friday, the benchmark Philippine Stock Exchange index (PSEi) lost 1.25 percent or 109.05 points to close at 8,613.65. The broader All Shares shed 0.15 [...] The post PSEi snaps 5-day rise, returns to 6,000 level appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsFeb 21st, 2018