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Stock Market: PSEi extends decline as foreign outflows persist

STOCKS continued their decline on Wednesday as trading was nearly flat and foreign investors continued to sell their holdings in the absence of any compelling drivers to change their stance......»»

Category: financeSource: bworldonline bworldonlineFeb 8th, 2017

PSEi rallies to 7,300 level, but market still seen technically weak

The local stock barometer rallied to the 7,300 level yesterday on the back of some foreign inflows amid expectations that the market may have found the bottom. Gaining for the fourth straight sessi.....»»

Category: newsSource:  philippinetimesRelated NewsJul 5th, 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

PSEi continues slide, hits 17-month low

The local stock barometer sank to the 7,000 level yesterday as foreign funds scrambled to trim their exposure now that the bears have wrestled control of the market from the bulls. Sliding for the.....»»

Category: newsSource:  philippinetimesRelated NewsJun 22nd, 2018

PSEI seen staying above 7,500

The local stock barometer is seen striving to stay afloat the 7,500 mark this week as recent rallies have been capped by foreign outflows and renewed concern on the upswing in oil prices. Last week.....»»

Category: newsSource:  philippinetimesRelated NewsMay 21st, 2018

PSEi declines on foreign selling amid inflation worries

SHARE prices fell as rising oil prices stoked inflation fears, while foreign selling also weighed on large caps, pulling down the main index. The Philippine Stock Exchange index dropped 0.28% or 21.84 points to 7,672.28. The broader all-shares index fell 0.30% or 13.80 points to 4,664.94. “Our market dipped as oil price heads towards $80 […] The post PSEi declines on foreign selling amid inflation worries appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 18th, 2018

Shares to decline amid weak investor sentiment

By Arra B. Francia Reporter LOCAL EQUITIES may continue to fall this week, as higher oil prices and faster inflation, among others, drag down investor sentiment. The Philippine Stock Exchange index (PSEi) mounted a last-minute recovery on Friday, adding 0.14% or 11.09 points to close at 7,546.19. This allowed the market to recover from its […] The post Shares to decline amid weak investor sentiment appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 6th, 2018

Stock market down 2.6% ahead of inflation report

The stock market fell back to 7,500 territory on Thursday as investors turned cautious ahead of the release of April inflation data and a decline on Wall Street. The benchmark Philippine Stock Exchange index (PSEi) plunged by 2.60 percent or 200.97 points to finish at 7,535.10 — the lowest in over a year — while [...] The post Stock market down 2.6% ahead of inflation report appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsMay 3rd, 2018

Market to remain volatile amid overseas tensions

VOLATILITY may prevail in the week ahead, following the Philippine Stock Exchange index’s (PSEi) sharp decline last week due to a mix of geopolitical concerns and fears of an overheating economy.  The bellwether PSEi ended 0.57% or 44.48 points higher to 7,726.72 last Friday, managing to eke out gains after its steep fall on Thursday. The […] The post Market to remain volatile amid overseas tensions appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 22nd, 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

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

PSEi retests 8,000

The local stock barometer firmed up above the 8,000 mark in thin trading after a long holiday break on Monday, the first trading day of the second quarter. While regional markets erased early gains amid the brewing US-China trade war, the Philippine Stock Exchange index (PSEi) added 59.62 points or 0.75 percent to close at 8,039.45. Elsewhere in the region, trading was mostly firmer in the early session but most markets reversed gains at close. All eyes are still on exchange of tariffs slapped by the US and China against imports from each other. Domestic investors mostly supported the market as foreign investors were net sellers to the tune of P625.3 million. At the local...Keep on reading: PSEi retests 8,000.....»»

Category: newsSource:  inquirerRelated NewsApr 2nd, 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

Share prices hit by trade war fears

Share prices dropped on news of US President Donald Trump’s announcement of tariffs on steel and aluminum imports but the market managed to claw back almost all its losses at the end of the day. Following a 1.07-percent drop at the noon break, the bellwether Philippine Stock Exchange index (PSEi) pared the decline to just [...] The post Share prices hit by trade war fears appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsMar 3rd, 2018

Stock market down anew

SHARE prices retreated anew on Thursday, continuing a global decline attributed to fears of accelerated interest rate increases in the United States. The benchmark Philippine Stock Exchange index (PSEi) lost 0.11 percent or 9.52 points to 8,465.77 while the broader All Shares dipped 0.10 percent or 5.31 points to end at 5,077.63. “I think we were [...] The post Stock market down anew appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsMar 2nd, 2018

Shares seen to move sideways this week

Local equities may continue trading sideways this week as investors reposition their portfolios ahead of the earnings season. The bellwether Philippine Stock Exchange index (PSEi) moved back to the 8,400 level on Friday, Feb. 23, losing 0.56% or 48.01 points to 8,467.56 at closing bell. The market recorded a three-day decline after testing the 8700-resistance […] The post Shares seen to move sideways this week appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsFeb 25th, 2018

Stocks seen sideways ahead of earnings reports

By Arra B. Francia, Reporter LOCAL EQUITIES may continue trading sideways this week as investors reposition their portfolios ahead of the earnings season. The bellwether Philippine Stock Exchange index (PSEi) moved back to the 8,400 level on Friday, losing 0.56% or 48.01 points to 8,467.56 at closing bell. The market recorded a three-day decline after testing […] The post Stocks seen sideways ahead of earnings reports appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsFeb 25th, 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

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 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

Stock Market: Bargain hunt extends equities' slight gains

LOCAL SHARES extended slight gains for a second trading day on bargain hunting on Monday, which also saw foreign investors remain net buyers for a third straight day......»»

Category: financeSource:  bworldonlineRelated NewsJul 3rd, 2017