PHStocks Week in Review: Selling High

Manila—(PHStocks)—Philippine stocks rode a series of widespread profit-taking this week amid new record highs. Strong macroeconomic fundamentals pushed the benchmark Philippine Stock Exchange index (PSEi) past the 6,700-mark on 25 February, closing at 6,721.33 – up by 56.27 points or 0.84%. This strong growth drove investors to cash in on their gains on 26 February, […]
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PH Stocks Succumb to Profit Taking

Manila—(PHStocks)—Philippine stocks retreated Tuesday, Feb 26, as widespread profit-taking gripped the market. The benchmark Philippine Stock Exchange index (PSEi) declined by 1.35% to close today’s trading at 6,630.67, wiping the gains it achieved yesterday as it broke past the 6,700 level. All counters were all in red, led by the Property sector which dropped 2.41%. […]
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PHStocks Week in Review: Strong Beginning

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 […]
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PHStocks Week in Review: New Level

Manila—(PHStocks)—Philippine stocks edged higher this week, amid continuing strong fundamentals and optimism in the country’s economic outlook. For one, the International Monetary Fund (IMF) recently raised its 2013 growth forecast for the Philippines on the back of consumer spending, rising domestic investments and public spending; driving the mainboard Philippine Stock Exchange index (PSEi) to a […]
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PHStocks Week in Review: Steadfast

Manila—(PHStocks)—Philippine stocks displayed their resilience as they end this week on a new record high despite two consecutive days of declines amid investors’ profit taking. The Philippine Stock Exchange index (PSEi) closed the week at 6,139.21 – another milestone for the local bourse – up 1.1% from Thursday’s close of 6072.18, and up 1.45% from […]
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History Yet Again! PH Stocks Breach 6,000pts

Manila—(PHStocks)—Philippine stocks have continued their growth for the fourth consecutive trading day of the year. For the first time in its history, the bellwether Philippine Stock Exchange index (PSEi) breached the 6,000-point mark by closing today’s trading at 6,044.910, up 1.23% from Friday’s closing of 5,971.45 points. All counters remain on the green, with the […]
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Growth Continues: PH Stocks Greet 2013 with New Record High

The averted “fiscal cliff” in the United States has further boosted the confidence in the Philippine stock market, with the mainboard Philippine Stock Exchange Index (PSEi) ending the first trading day of 2013 with a new record high of 5,860.99 points, up 0.83% from December 28. All counters were up, led by the Holding Firms […]
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Ginebra Acquires East Pacific Star Bottlers

Mandaluyong–(PHStocks)–Ginebra San Miguel Inc. (PSE: GSMI) has acquired 100% of the total outstanding shares of East Pacific Star Bottlers Phils Inc., a corporation principally engaged in the manufacture and bottling of alcoholic and non-alcoholic beverages, for PhP200 million, at PhP100 per share. The acquisition is expected to forge synergies with GSM’s ongoing operations and provide additional […]
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