Metrobank Lends PhP7 Billion to Globe for Capex

Manila, Philippines – Metropolitan Bank & Trust Co. (Metrobank) has extended PhP7 billion worth of loans to Ayala-led Globe Telecom Inc. to finance its capital expenditures. Related Articles:PHStocks Exclusive: Top 50 Best Performing Stocks in May 2016Shopify, Globe Enhance E-commerce Service for Filipino SMEsPH Stocks End Lower on Continued Sell-offPH Stocks NosediveWipeout: Gains Erased as […]
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PH Stocks Down for Fifth Session

Manila—(PHStocks)—Philippine stocks were down for the fifth straight session Tuesday, 25 June, amid continued hot money outflows due to the negative market sentiment from Fed’s announcement of tapering its QE program, and weighed even further down by the current credit crunch in China. Although the bulls staged a late rally to somehow ease the stocks’ […]
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Sell-off Pulls PH Stocks Below 6000 Level

Manila—(PHStocks)—Philippine stocks succumb to sell-off amid continued investor pessimism gripping the market. The benchmark Philippine Stock Exchange (PSE) index dropped by 3.42% or 211.12 points to close today’s trading at 5,971.05 – losing close to 20% of its value since it hit a market high of 7392 in the middle of last month. China’s slide […]
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PH Stocks End Lower on Continued Sell-off

Manila—(PHStocks)—Philippine stocks extended their declines Friday, 21 June, as most foreign investors continued to take out funds from the market. According to the Philippine Stock Exchange (PSE), foreign buying reached PhP6.85 billion while foreign selling hit PhP9.12 billion. The benchmark PSE index (PSEi) declined further by 2.28% or 144.5pts to close the week at 6,182.17 […]
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PH Stocks Crash on QE News

Makati—(PHStocks)—Philippine stocks took a beating Thursday, 20 June, as investors over-reacted to news about the US Fed’s plans for its ongoing quantitative easing (QE) program. The Philippine Stock Exchange (PSE) index fell by 2.86% or 186.53pts to close today’s trading at 6,326.67 – wiping its gains during the last rally. The rest of the markets […]
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PH Stocks Take Pause

Manila—(PHStocks)—Profit taking from yesterday’s gains, weak data from regional markets, as well as jitters surrounding the anticipated results of the Fed’s meetings, which will shed some light on its plans for its ongoing quantitative easing program, have caused the slight pullback in Philippine stocks Wednesday, 19 June, capping a three-day rally. The Philippine Stock Exchange […]
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PH Stocks Extend Rally for 3rd Session

Manila—(PHStocks)—Philippine stocks extended their gains for a third straight session Tuesday, 18 June, as investors continue to hunt for bargains. The mainboard Philippine Stock Exchange (PSE) index grew by 2.83% or 179.36 points to close the session at 6,518.77 – a strong turnaround from sharp declines last week. All counters in the green, led by […]
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PH Stocks Start Road to Recovery

Manila—(PHStocks)—Philippine stocks rebounded Friday, 14 June, as investors start hunting for bargains after a bloody week of trading. The benchmark Philippine Stock Exchange (PSE) index went up by 2.1% or 128.18 points to slightly recover from its more than 400-point decline this week, closing at 6,242.26. All counters were also back in the green, led […]
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