PH Stocks Jump on IMF’s Growth Forecast

Manila—(PHStocks)—Philippine stocks rally to 6400 level Thursday, 11 July, lifted by the International Monetary Fund’s (IMF) raising its outlook for the country’s economic growth. The benchmark Philippine Stock Exchange (PSE) index jumped by 1.57% or 99.18 points to close today’s trading at 6,407.36. All counters were back in the green, led by the Property sector, […]
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PH Stocks Down on Continued Market Uncertainty

Manila—(PHStocks)—Philippine stocks managed to keep their foothold at the 6300 level on Wednesday, 10 July, amid weak China market data. The mainboard Philippine Stock Exchange (PSE) index closed the session at 6,308.18, down by just 0.3% or 18.84 points – recovering from 82.73 points early in the afternoon session. All counters except for the Holding […]
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PH Stocks Slightly Up on Bargain Hunting

Manila—(PHStocks)—Philippine stocks staged a late rally Tuesday, 9 July, and reverse the selloff early in the session as investors hunt for bargains. The benchmark Philippine Stock Exchange (PSE) index inched higher by 0.13% or 8.11 points to close the session at 6,327.02. On sectoral basis, however, only the Industrials and Services sectors posted gains; with […]
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Profit Taking Pulls Back PH Stocks to 6300

Manila—(PHStocks)—Philippine stocks succumb to profit taking Monday, 8 July, as investors cashed in on their gains amid the market recovery last week. The benchmark Philippine Stock Exchange (PSE) index slid by 2.79% or 181.57 points to close the day’s trading at 6,318.91. All counters are back in the red. The biggest loser is the Holding […]
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PH Stocks Up on Market Sentiment

Manila—(PHStocks)—Philippine stocks recovered their losses Friday, 5 July, amid positive news from the European Central Bank regarding keeping key rates at current low levels. The mainboard Philippine Stock Exchange (PSE) index climbs to 6500, gaining 0.56% or 36.22 points to close 2H2013’s first week of trading on a positive note. While trading was slow today—value […]
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PH Stocks Slide on Profit Taking

Manila—(PHStocks)—Philippine stocks end lower Thursday, 4 July, as investors move to cash in on some of their gains. The benchmark Philippine Stock Exchange (PSE) index slipped by 0.24% or 15.86 points to close the day’s trading at 6,464.26. Today, the Industrials and the Holding Firms sectors suffered declines, with the former losing 0.59% while the […]
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PH Stocks Post Gains Amid Regional Market Declines

Manila—(PHStocks)—Philippine stocks withstood profit taking early in the session to recover from yesterday’s dip. The benchmark Philippine Stock Exchange (PSE) index posted a 0.5% increase to close today’s trading at 6,480.12 amid regional market declines on downbeat China economic data. Trading was generally subdued, with two counters posting declines and most counters just managing to […]
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PH Stocks Slip on Profit Taking

Manila—(PHStocks)—Philippine stocks took a dive Tuesday, 2 July, amid widespread profit taking after a four-day rally. The mainboard Philippine Stock Exchange (PSE) index slid by 1.2% or 78.44 points to close today’s trading at 6,448.18. All counters were back in the red, led by the Industrials index, which lost 2.02%. The Services sector declined by […]
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