PHStocks

Manila—(PHStocks)—After reaching a new record high yesterday amid late surge in stock buying, in particular that of BDO Unibank Inc. (PSE: BDO) and SM Investments Corporation (SMIC, PSE: SM) shares, the Philippine Stock Exchange index (PSEi) succumbed to a new round of widespread profit-taking – shedding 1.18% or 79.18 to close the first trading day of March at 6,642.27. All counters were down today, led by the Industrial sector, which lost 2.64%. The Mining…

Manila—(PHStocks)—Philippine stocks skyrocketed to new highs on Thursday, February 28, after two successive days of declines. The Philippine Stock Exchange index (PSEi) recovered its losses and, buoyed by the surge by BDO Unibank Inc. (PSE: BDO) and SM Investments Corporation (SMIC, PSE: SM) , regained its foothold in the 6,700 level  and closed today’s trading at new record high 6,721.45, up by 1.59% or 105.18pts. All counters were up as well, led by the Financials…

Manila—(PHStocks)—Philippine stocks suffered a bout of profit taking this week as strong the market continued to grow leaps and bounds on the back of positive macroeconomic outlook and better-than-expected financial results of companies. The Philippine Stock Exchange index (PSEi) opened the week on a strong note, gaining 0.67% to close Monday’s trading at 6,565.23. On Tuesday, 19 February, the PSEi breached 6,600 points for the first time in the bourse’s…

Manila—(PHStocks)—In just seven weeks, the Philippine capital market has grown from strength to strength. The Philippine Stock Exchange index (PSEi), in fact, has been achieving record upon record levels. After reaching the 6,000 points last month, the blue-chip-stocks index went on to hit 6,500 this week, despite a series of profit taking, reflecting the continuing investor confidence in the macroeconomic fundamentals in the country. The increase in infrastructure spending, the…

Manila—(PHStocks)—Philippine stocks closed nearly flat at the first trading day of the Year of the Water Snake, but not before touching 6,500 during the session. The Philippine Stock Exchange index (PSEi) went down by 0.01% or 0.66pts to 6,458.01 – a situation considered by many investors as a “correction” in the market. On a sectoral basis, only the Services and Property indices went down, while the Mining and Oil segment…