PH Stocks Down on Fed QE Taper Fear

Manila—(PHStocks)—Philippine stocks plunge on renewed fear of the US Fed’s quantitative easing program’s tapering in September. The mainboard Philippine Stock Exchange index (PSEi) dropped by 5.96% or 389.22 points to close at 6,136.73 points today, 22 August. According to PSE data, foreign buying was PhP4.92 billion, while foreign selling reached PhP9.65 billion. Overall, value turnover […]
Continue reading…

 

PH Stocks Down on Cautious Trading

Manila—(PHStocks)—Philippine stocks end slightly lower Wednesday, 17 July, as investors maintain a cautious stance ahead of the US Federal Reserve’s Ben Bernanke’s statements today. The mainboard Philippine Stock Exchange (PSE) index declined by 0.13% to close today’s trading at 6574.72. All counters except for the Holding Firms (+0.51%) and Property (+0.06%) indexes were down, with […]
Continue reading…

 

PH Stocks Extend Rally, Jump to 6,600

Manila—(PHStocks)—Philippine stocks extended their rally Monday, 15 July, amid optimism of the upcoming second quarter financial performance reports of local companies. The benchmark Philippine Stock Exchange (PSE) index breached the 6,600, closing at 6,619.95 – up by 0.7%. All counters except for the Financials index, which shed 0.82%, posted gains. The Holding Firms sector led […]
Continue reading…

 

PH Stocks Climb Higher, Set New Record

Manila—(PHStocks)—The continuing strong macroeconomic fundamentals have boosted Philippine stocks’ resilience against profit-taking throughout the day. Despite opening the session at 6,637.83, 0.16% down from yesterday, and pausing at 6,629.48, down 0.29%, during market recess, the mainboard Philippine Stock Exchange index (PSEi) managed to reverse the trend and pull in a moderate 0.28% growth to close […]
Continue reading…

 

PH Stocks on a Slow Start

Local shares were off to a slow start this week, with the main board Philippine Stock Exchange index (PSEi) shedding 0.14% to close Monday at 3,918.7 points. The wider all-shares index likewise declined, losing 0.25% or 7.33 points to end trading day at 2,927.27 points. The Mining & Oil, Holding Firms and Industrials sectors, meanwhile, […]
Continue reading…

 

PH Stocks Falter, Down 0.39%

Manila–(PHStocks)–Local shares on the main board Philippine Stock Exchange index (PSEi) slid 0.39% to close trading day Friday at 3,851.24 points, while the all-share index dropped 0.17% to 2,976.47 points. On sectoral performance, only the Mining & Oil and Industrial indices posted slight growth, at 0.16% and 0.08%, respectively. The Property and Financials sectors, meanwhile, […]
Continue reading…