Stock index ends at one-month high

Stocks scaled a near one-month peak yesterday, bucking a downturn in Asia, as investors remain mostly encouraged by robust corporate and macroeconomic numbers in the second quarter......»»

Category: financeSource: philstar philstarAug 11th, 2021

Index soars to near 3-month high

After a weak start for the week, the main stock index bounced back strongly yesterday, vaulting past the 6,800 level to hit its highest mark in nearly three months......»»

Category: financeSource:  philstarRelated NewsJun 3rd, 2021

Stocks vault to 9-month high on BSP rate easing

The stock index returned to positive territory yesterday, ending at its highest level in 9 months, as a surprise interest rate cut by the Bangko Sentral and growing hopes of a virus vaccine lifted investor sentiment......»»

Category: financeSource:  philstarRelated NewsNov 20th, 2020

Bullish investors push PSEi to 8-month high

The main stock index surged yesterday as investors start to welcome the strong possibility of a Joe Biden victory in the US presidential elections and on improving prospects on the local economy......»»

Category: financeSource:  philstarRelated NewsNov 6th, 2020

GCQ news pushes PSEi to 5,800 level

The stock market surged to the 5,800 territory on Friday after the government announced that the lockdown it imposed on Metro Manila would be eased after this month ends. The benchmark Philippine Stock Exchange (PSEi) soared by 4.82 percent or 268.62 points to finish at its intraday high of 5,838.84, while the broader All Shares […].....»»

Category: newsSource:  manilatimes_netRelated NewsMay 30th, 2020

Stocks race past 6,900, post three-month high

With foreign funds aggressively buying local stocks, the main index raced past another threshold to finish yesterday’s trading at its highest level in over three months......»»

Category: financeSource:  philstarRelated NewsJun 9th, 2021

PSEi sinks to near seven-month low

The main stock index yesterday sank to a near seven-month low as investors grow wary that inflation spikes in the region may drive interest rates up, traders said......»»

Category: financeSource:  philstarRelated NewsMay 24th, 2021

Index ends flat as high inflation worries investors

Share prices closed flat yesterday as the high inflation data weighed on investor sentiment but on a week-on-week basis, the index snapped a three-week losing streak as the nation started its COVID-19 vaccination drive......»»

Category: financeSource:  philstarRelated NewsMar 6th, 2021

Wall St gains, Feb factory data raise shares to 6,900

The rally on Wall Street and positive manufacturing data help the stock market advance for the third straight trading day on Tuesday. The bellwether Philippine Stock Exchange index (PSEi) gained 0.68 percent or 46.57 points to close at its intraday high of 6,919.54 while the broader All Shares added 0.35 percent or 14.52 points to […].....»»

Category: newsSource:  manilatimes_netRelated NewsMar 3rd, 2021

PSEi may close beyond 7,000 this year

The Philippine Stock Exchange Composite index is projected to close 2021 at 7,150.00 to as high as 7,750......»»

Category: financeSource:  philstarRelated NewsFeb 21st, 2021

Stock market declines; MerryMart leads losers

Stocks retreated Monday on profit taking, weighed down by an uptick in the inflation rate to a 22-month high of 3.5 percent in December from 3.3 percent in November......»»

Category: financeSource:  thestandardRelated NewsJan 5th, 2021

Market slips; GT Capital, Megaworld advance

Stocks fell slightly Wednesday on profit taking after the benchmark index jumped to an eight-and-a-half-month high in the previous day......»»

Category: financeSource:  thestandardRelated NewsNov 12th, 2020

Vaccine news give stocks a shot in the arm to reach 9-month high

Stock investors disregarded a bad GDP report to focus on coronavirus vaccine prospects......»»

Category: financeSource:  philstarRelated NewsNov 10th, 2020

Index ends flat as investors turn cautious

The Philippine stock market finished flat yesterday as market investors remained cautious again because of the resurgence of COVID-19 cases in the Philippines, Europe and in most parts of the world......»»

Category: financeSource:  philstarRelated NewsOct 26th, 2020

PSEi closes at strongest level since June

Improved corporate earnings and the continued decline in new coronavirus disease 2019 (Covid-19) cases helped the stock market surpass the 6,400 mark on Friday. The benchmark Philippine Stock Exchange index (PSEi) jumped by 2.2 percent or 139.43 points to close at its intraday high of 6,484.06 — the highest since its 6,476.24 finish on June […].....»»

Category: newsSource:  manilatimes_netRelated NewsOct 24th, 2020

Stocks surge as index tops 6,000

The stock market surged Monday on the possible easing of quarantine restrictions in Metro Manila by next month as COVID-19 cases plateaued in the past few days......»»

Category: financeSource:  thestandardRelated NewsOct 20th, 2020

Wall Street decline drags PH shares down

The negative overnight result of Wall Street cascaded down to the local shares, prompting it to slip to the 5,800 territory on Tuesday. The bellwether Philippine Stock Exchange Index (PSEi) shed 0.26 percent or 15.04 points to its intraday high of 5,894.28, while the broader All Shares declined by 0.14 percent or 4.84 points to […].....»»

Category: newsSource:  manilatimes_netRelated NewsSep 23rd, 2020

Index ends flat as trading remains in tight range

The benchmark Philippine Stock Exchange index (PSEi), the benchmark gauge, ended flat yesterday, finishing below the 6,000 mark and starting the week on a lethargic mood......»»

Category: financeSource:  philstarRelated NewsSep 21st, 2020

Market ends flat; Puregold, Ayala rise

The stock market closed virtually flat Thursday in the absence of a catalyst that could push the benchmark index back to the 6,000-point mark and on Wall Street’s losses overnight......»»

Category: financeSource:  thestandardRelated NewsSep 17th, 2020

Thailand Moves a Step Closer to Welcoming Back Foreign Tourists

Thailand will start issuing special visas to foreign tourists starting October, easing a more than five-month-old ban on visitors to revive the nation’s ailing tourism-reliant economy. Prime Minister Prayuth Chan-Ocha’s cabinet approved a proposal to issue visas to tourists planning to stay between 90 and 280 days in Thailand, according to government spokeswoman Traisuree Taisaranakul. The tourists will undergo a mandatory 14-day state quarantine on arrival at partner hotels or hospitals and follow health and safety regulations, she said. The government expects about 1,200 visitors to avail themselves of these visas each month, generating about 1.2 billion baht ($38.5 million) in revenue. The easing of border restrictions may boost the nation’s pandemic-battered tourism industry and cushion the blow to an economy projected to contract 8.5% this year. The news of cabinet approval for special visas triggered a rally among hotel and travel operators in Bangkok. A measure of Thai tourism and leisure stocks jumped 4.5%, the biggest gainer among the Stock Exchange of Thailand’s 28 industry groups. It was also the index’s largest increase since May 26. While Hotel operators Erawan Group Pcl and Central Plaza Hotel Pcl surged more than 8%, Minor International Pcl advanced 5.5%. Thailand’s tourism and hospitality sectors are counting on the return of international visitors, who contributed to two-thirds of tourism income before the pandemic, to reverse the slump in businesses and save millions of jobs. A government campaign to boost travel by locals through hotel and air travel concessions has failed to make up for the slump in earnings, but the move to allow foreigners in small batches will still be a relief to the industry. “There will not be a huge economic impact from this as it still can’t compensate for the revenue lost, but it will help,” Somprawin Manprasert, chief economist at Bank of Ayudhya Pcl said. “This plan still targets a higher-spending group of foreign visitors which will not benefit tourism industry operators that have lower to mid-price points, who will still suffer.” The move to relax curbs on foreign tourists also follows Thailand’s relative success in containing the coronavirus outbreak. The nation went without a local transmission for 100 days before the virus-free run was ended early this month. Though Thailand was the first country outside China to report the deadly virus, its cumulative cases stand at 3,480 with most patients already discharged from hospitals. The reopening to foreign tourists may be risky, but it is a manageable risk worth taking, Bank of Thailand’s Senior Director Don Nakornthab wrote in an article on the central bank’s website. The country may be headed for a second straight year of contraction in 2021 if it continued to restrict foreign visitor arrivals, Don wrote......»»

Category: sportsSource:  abscbnRelated NewsSep 15th, 2020

Recovery hopes push PH shares past 6,000

The stock market broke through the 6,000 level on Tuesday on investors becoming more upbeat about the country’s economic recovery from the coronavirus disease 2019 (Covid-19) pandemic. The bellwether Philippine Stock Exchange index (PSEi) jumped by 1.65 percent or 98.18 points to close at its intraday high of 6,034.03 while the broader All Shares gained […].....»»

Category: newsSource:  manilatimes_netRelated NewsSep 9th, 2020