Year-ender

We are nearing the close of 2012. So far, the Philippine stock market has grown from strength to strength. There were, of course, cyclical periods; but the downs are just compensated by the ups and more ups that follow them. When I started providing recaps of the PSE index performance for the day, it was […]
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PHStocks Week in Review: Going Strong

(PHStocks) – Local shares maintained their strong performance for the week, despite minimal declines due to profit taking. The bellwether Philippine Stock Exchange index (PSEi) closed at 4,251.64 points this week, up 0.25% compared last week. The all-shares index, however, shed 0.86% to close at 3,084.74 points. On a sectoral basis, all counters except the […]
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China Bank Reports 22% Profit Growth

China Banking Corp. (China Bank, PSE: CHIB) has reported 2010 audited net income of PhP5 billion, an increase of 22%, driven by revenues from continued loans growth and improved trading gains. Fee-based businesses such as bancassurance, private banking, cash management and remittances also contributed to the earnings growth. China Bank’s 2010 financial ratios underscore its […]
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PH Stocks Falter on Sluggish Activity

The bellwether Philippine Stock Exchange index (PSEi) ended Tuesday 0.16% or 5.95 points lower on slow trading activity. All local shares, on the other hand, gained 1.98%. The Holding Firms, Industrial and Financial indices, closed at positive points as well, while the Services sector led dropped 1.19%. Trading volume was only 602 million stocks, valued […]
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PH Stocks Recover

Local stocks closed Monday on a positive note, with the Philippine Stock Exchange (PSE) index (PSEi) slightly growing 0.2% to 3,880.03 points, reversing the weak performance last Friday. The Industrial and the Holding Firms sectors led the uptrend, posting 0.55% and o.52% growth, respectively. Two indices, however, ended the trading day in the red – […]
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FDIs Topped $1B in January-October

Net inflows of foreign direct investments (FDI) for the first ten months of 2010 reached $1.1 billion. Notwithstanding the favorable growth prospects in the domestic economy, investor sentiment remained cautious amid concerns on the sustainability of recovery of advanced economies, particularly of the U.S. where the outlook continued to be fragile given the high government […]
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