PHStocks

Manila—(PHStocks)—Philippine stocks are down for the second day Tuesday after hitting record highs as investors continue to cash in on their gains. The mainboard Philippine Stock Exchange (PSE) index was down by 1.33% or 91.16 points to 6,748.43 – shedding nearly half of what it gained last week after Fitch Ratings gave the country its first-ever investment grade rating. Profit taking was widespread across all sectors. The Mining and Oil…

Manila—(PHStocks)—It has been a highly profiting week for investors in the Philippine stock market as they cash in on their gains amid the surging growth on the back of continued optimism in the country’s economic outlook. The week also marked another record achievement as the mainboard Philippine Stock Exchange index (PSEi) breached the 6,400-point mark on Monday, closing at 6,435.980. Tuesday saw a new record high when the PSEi continued…

Manila—(PHStocks)—Philippine stocks reached a new record high on Tuesday amid the continued strong macroeconomic outlook for and fundamentals of the country. Despite the profit taking early in the session as investors cashed in on their gains, the bellwether Philippine Stock Exchange index (PSEi) went on to reach 6,470.49, up 0.54% from the previous day, marking yet another record for the local bourse. The wider All-Shares index meanwhile gained 0.31% to…

Manila—(PHStocks)—Philippine stocks continued their rally on Monday, breaking past the 6,400-point mark and posting the highest finish so far in the history of the local bourse. The mainboard Philippine Stock Exchange index (PSEi) closed today’s trading at 6,435.980, up 1.86% from Friday, as investors continue to go heavily into equities on the back of bullish forecasts for the country this year. In fact, trading volume reached 3.13 billion, with a…

Manila—(PHStocks)—Philippine stocks ended the week and greeted the first trading day of February on a strong note, reaching another record high and cementing their level above 6,300. The mainboard Philippine Stock Exchange index (PSEi) went up by 2.45% to 6,318.61 week-on-week, on the back of the country’s strong economic performance in the fourth quarter of 2012. The market performance was particular stellar this week, in that the PSEi was only…