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Stock market surges 2%; returns to 7,600 level

Easing trade tensions, increased net foreign buying and higher volumes allowed the stock market to return to the 7,600 level on Thursday. The bellwether Philippine Stock Exchange index (PSEi) surged by 151.85 points or 2.02 percent to close at 7,665.84. The broader All Shares, meanwhile, rose 69.99 points or 1.54 percent to end at 4,605.52. [...] The post Stock market surges 2%; returns to 7,600 level appeared first on The Manila Times Online......»»

Category: newsSource: manilatimes manilatimesJul 26th, 2018

PSEi returns to 7,000; world markets rebound

THE stock market climbed back to the 7,000 level on Friday, with analysts pointing to bargain-hunting following Thursday’s rout and news that US President Donald Trump could meet with his Chinese counterpart, Xi Jingping, during next month’s G20 summit. The Philippine Stock Exchange index (PSEi) rose by 1.75 percent or 120.39 points to close at [...] The post PSEi returns to 7,000; world markets rebound appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsOct 12th, 2018

PSEi rebounds 2%, returns to 7,800

The stock market rebounded on Wednesday, gaining more than 2 percent to return to the 7,800 level on reports that the US and China could resume negotiations to end a trade war. Following a 1.3-percent plunge on Tuesday, the benchmark Philippine Stock Excha nge index (PSEi) soared 2.17 percent or 166.22 points to end the [...] The post PSEi rebounds 2%, returns to 7,800 appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsAug 1st, 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 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 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

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: PSEi returns to 7,400 for first time in six months

PHILIPPINE SHARES rose for a second day on Tuesday to allow the benchmark index to return to 7,400 level for the first time in almost six months, thanks to foreign buying......»»

Category: financeSource:  bworldonlineRelated NewsApr 4th, 2017

Share prices steady as Dow surges

MANILA, Philippines - The stock market managed to hold steady yesterday even as the peso plunged to its lowest level since Sept. 26, 2006......»»

Category: financeSource:  philstarRelated NewsFeb 20th, 2017

Stock Market: PSEi surges above 7,300 ahead of GDP report

THE MAIN INDEX bounced back to the 7,300 level on Monday as investors looked forward to the Philippines' economic growth report amid uncertainties due to the leadership change in the United States......»»

Category: financeSource:  bworldonlineRelated NewsJan 23rd, 2017

Stock Market: PSEi returns to 7,000 level on strong GDP report

SHARE PRICES recovered yesterday to propel the main index above the 7,000 level as the upbeat third-quarter Philippine gross domestic product (GDP) data boosted investor sentiment......»»

Category: financeSource:  bworldonlineRelated NewsNov 17th, 2016

Stock Market: PSEi returns to 7,700 as markets cheer China data

PHILIPPINE shares rallied for a second straight day to bring the benchmark index past 7,700 level as most Asian markets cheered favorable economic data from China......»»

Category: financeSource:  bworldonlineRelated NewsOct 19th, 2016

Stock Market: Index returns above 8,000 on stable prospects

STOCKS rose yesterday, with the main index returning to the 8,000 level, amid stable prospects for the Philippine economy following the Asian Development Bank's (ADB) retention of its growth forecasts for the country......»»

Category: financeSource:  bworldonlineRelated NewsJul 19th, 2016

PSEi drops to 6,900 on US-Saudi tensions

THE stock market fell back to the 6,900 level on Monday as investor sentiment was dented by political tensions between the United States and Saudi Arabia. The benchmark Philippine Stock Exchange index (PSEi) traded most of the day in the green before falling by 1.12 percent or 78.26 points to close at 6,926.51. The broader [...] The post PSEi drops to 6,900 on US-Saudi tensions appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsOct 15th, 2018

Market may stay above 7,000 level this week

The stock market index may move sideways and stay above the 7,000 level this week, or it could tank and test the next support level at 6,800, traders said......»»

Category: financeSource:  philstarRelated NewsOct 15th, 2018

Global worries sink stocks below 7,000

Global jitters sent the stock market crashing yesterday, with the index sinking below the 6,800 level or at a 52-week low of 6,790.58 before crawling back to close at 6,884.38......»»

Category: financeSource:  philstarRelated NewsOct 12th, 2018

Index declines as investors lock in gains

The stock market retreated once more yesterday, going back to the 7,000 level......»»

Category: financeSource:  philstarRelated NewsOct 9th, 2018

Share prices sink on inflation concerns

The stock market was back in turmoil yesterday, sinking deeper into bear territory and hitting the 7,000 level again, a day before the government is set to announce the inflation in September which is expected to hit a new peak once more......»»

Category: financeSource:  philstarRelated NewsOct 4th, 2018

PSEi back in bear level ahead of inflation results

THE stock market reentered bear territory for the third time this year on Monday as investors continued to pare their positions due to inflation concerns. The Philippine Stock Exchange index (PSEi) dropped by 0.75 percent or 54.74 points to close at 7,222.08—down 20.3 percent from January 29, 2018’s record finish of 9,058.62. The wider All [...] The post PSEi back in bear level ahead of inflation results appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsOct 1st, 2018

Stock market drops ahead of rate decisions

The stock market extended a retreat on Wednesday with investors again in selling mode ahead of today’s Monetary Board meeting. The Philippine Stock Exchange index (PSEi)dropped by 0.87 percent or 63.96 points to close at 7,268.21. It touched bear level during intra-day trading by falling to as low as 7,205.04. The wider All Shares, meanwhile, [...] The post Stock market drops ahead of rate decisions appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsSep 26th, 2018

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 NewsSep 24th, 2018