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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After Brief Hiccup, PH Stocks Resume Growth

Manila—(PHStocks)—Philippine stocks recovered Thursday, resuming their growth as investors hunted for bargains after yesterday’s round of profit taking. The blue-chip Philippine Stock Exchange index (PSEi) went up by 0.45% or 28.64pts to 6,459.99 amid continuing confidence in the Philippine equities market, and perhaps after reports that Singapore’s financial services firm DBS revises its earlier growth […]
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PH Stocks Break Past 6,400pts

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 […]
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PH Stocks Take a Breather as Investors Lock in Gains

Manila—(PHStocks)—Philippine stocks ended their rally Thursday as investors lock in their gains. The mainboard Philippine Stock Exchange index (PSEi) opened at 6,320.74, up 0.79% (9:30am), and went on to 6,323.7 after 10 minutes of trading. It went on to reach an intraday peak of 6,332.27 as the government announced a 6.8% GDP (gross domestic product) […]
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PH Stocks Breach 6,200pts

Manila—(PHStocks)—Riding on the continuing optimism in the country’s economic outlook, as well as in anticipation of upcoming economic data to be released this week, Philippine stocks rallied to a new record high at the close of today’s trading, breaching the 6,200-point mark. The mainboard Philippine Stock Exchange index (PSEi) grew by 0.68% to 6,234.73 – […]
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PH Stocks Reach New High

Manila—(PHStocks)—Philippine stocks recovered from two days of declines this week to close at a new high on Friday. The mainboard Philippine Stock Exchange index (PSEi) went up by 0.82% to close the trading week at 6,167.64 – yet another milestone for the country’s bourse. All counters are back on the green, led by the Financials […]
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PH Stocks Rally, Regain Foothold at 6,100

Manila—(PHStocks)—Philippine stocks rallied today after two consecutive days of declines amid profit taking (See here and here). As if driven by optimistic forecasts by the International Monetary Fund (IMF), which raised its 2013 growth forecast for the Philippines on the back of consumer spending, rising domestic investments and public spending, the bellwether Philippine Stock Exchange […]
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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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