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Stock Market: Stocks inch up as investors rebalance holdings

PHILIPPINE STOCKS traded flat on Thursday as investors opted to stay on the sidelines and amid window-dressing activities among corporate managers to end the first quarter of the year......»»

Category: financeSource: bworldonline bworldonlineMar 30th, 2017

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:  bworldonlineRelated NewsFeb 8th, 2017

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 sink deeper into bear territory

The stock market continued to bleed yesterday, sinking deeper into bear territory as investors dumped more Philippine equities on rising uncertainties......»»

Category: financeSource:  philstarRelated NewsJun 21st, 2018

Stocks fall on rate concerns ahead of BSP meeting

THE stock market fell 2.2 percent in early trading on Monday as investors sold off positions ahead of a possible interest rate adjustment when the Monetary Board, the policymaking body of the Bangko Sentral ng Pilipinas (BSP), meets later this week. The benchmark Philippine Stock Exchange index (PSEi) fell 168.12 points or 2.23 percent to pause at [...] The post Stocks fall on rate concerns ahead of BSP meeting appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJun 18th, 2018

PH stocks defy regional decline

The local stock barometer outperformed regional markets on Tuesday as investors were relieved that the country's May inflation rate of 4.6 percent was not as high as anticipated by the market......»»

Category: newsSource:  philippinetimesRelated NewsJun 6th, 2018

May inflation cited as PSEi gains 1.4%

Lower-than-expected inflation numbers and market gains elsewhere cheered investors on Tuesday with the bellwether Philippine Stock Exchange index gaining 1.40 percent or 106 points to end the day at 7,685.76. The wider All Shares rose by 1.06 percent or 49.11 points to close at 4,664.29. “Philippine stocks rallied, as the US counterparts did, as traders [...] The post May inflation cited as PSEi gains 1.4% appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsJun 5th, 2018

Stocks remain weak as investors stay on sidelines

The stock market continued to trade sideways yesterday due to lack of catalysts and activities within and outside the country, analysts said......»»

Category: financeSource:  philstarRelated NewsMay 29th, 2018

Bourse rebounds, gains 1.22%

  The local stock barometer yesterday rebounded on selective buying of large-cap stocks by domestic investors. The main-share Philippine Stock Exchange index (PSEi) recouped 92.06 points or 1.22 percent to close at 7,652.53. The rebound was led by the financial counter, which gained 2.28 percent ahead of another 1-percentage point cut in the reserve requirement by the Bangko Sentral ng Pilipinas to 18 percent which would take effect on June 1. "The market had partly anticipated the cut and timing. And this is likely to partly explain the peso's recent underperformance," ING Philippines economist Joey Cuyegkeng said. "In the meantime, peso liquidity in the system w...Keep on reading: Bourse rebounds, gains 1.22%.....»»

Category: newsSource:  inquirerRelated NewsMay 24th, 2018

Stocks continue to plunge as economic concerns pile up

Market investors continued to take profits yesterday, sending the benchmark Philippine Stock Exchange in a tailspin once more......»»

Category: financeSource:  philstarRelated NewsMay 18th, 2018

Stocks retreat on thin trades, market awaits economic data

The stock market slipped anew yesterday, closing 22.30 points, or 0.29 percent, to settle at 7,555.27 as investors opted to stay on the sidelines while waiting for fresh economic data......»»

Category: financeSource:  philstarRelated NewsMay 9th, 2018

Stocks continue downtrend on lack of market catalyst

Shares fell on Tuesday, April 24, continuing a downward trajectory as the region provided no fresh leads for investors to turn to. The bellwether Philippine Stock Exchange index plunged 1.54% or 119.11 points to 7,600.36 Tuesday, while the broader all-shares index also lost 1.27% or 59.32 points to 4,617.77. “Philippine markets continued to sell down […] The post Stocks continue downtrend on lack of market catalyst appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 24th, 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

Stocks bounce back as investors look for bargains

MANILA, Philippines — After two days into a tailspin, the local stock market recovered yesterday, rallying by 215.38 points or 2.72 percent to close at 8,124.....»»

Category: financeSource:  philstarRelated NewsMar 22nd, 2018

Stocks clip gains as investors await US inflation data

MANILA, Philippines — The stock market failed to sustain its uptick at the start of week, clipping gains to end yesterday’s session in the red......»»

Category: financeSource:  philstarRelated NewsMar 14th, 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

Stocks to decline ahead of local inflation data

By Arra B. Francia, Reporter LOCAL SHARES may edge lower this week as fears on how inflation would impact the market push investors to the sidelines. The bellwether Philippine Stock Exchange index dipped 0.08% or 7.20 points to 8,458.57 last Friday. The industrial and financial sectors lifted the market, rising 3.3% and 1.8% week on […] The post Stocks to decline ahead of local inflation data appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 4th, 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

Stocks bounce back in edgy global markets

NEW YORK: US and European stock markets rebounded Monday, but the danger of ever more volatility kept investors’ nerves under strain. Wild price swings accompanied last week’s heavy stock market losses, the worst weekly slump in years for indices in some countries, making it hard for investors to read the market with any degree of [...] The post Stocks bounce back in edgy global markets appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsFeb 13th, 2018

US stocks swoon, sending Dow down more than 650 points

U.S. stocks slumped Friday, and the market suffered its worst week in two years, as fears of inflation and disappointing quarterly results from technology and energy giants spooked investors. The Dow Jones industrial average dropped by more than 650 points. Bond yields rose and contributed to the stock market swoon after the government reported that wages grew last month at the fastest pace in eight years. The Dow had its worst decline since June 2016, while the broader Standard & Poor's 500 index had its biggest one-day percentage drop since September 2016. "We've enjoyed low interest rates for so long, we're having to deal with a little bit higher rates now, so the market...Keep on reading: US stocks swoon, sending Dow down more than 650 points.....»»

Category: newsSource:  inquirerRelated NewsFeb 3rd, 2018

Stocks pull back as investors realign portfolio

MANILA, Philippines — As expected, the stock market pulled back yesterday as investors saw the need to reposition after the index reached its 9th record high.....»»

Category: financeSource:  philstarRelated NewsJan 30th, 2018