Advertisements


Wall Street rally drives up local stocks

The stock market yesterday benefitted from renewed investor optimism. Traders said the stock market was lifted by the rally in the US stock market, which in turn was caused by strong corporate earnings results......»»

Category: financeSource: philstar philstarOct 17th, 2018

Stock Market: PSEi drops on profit taking, Wall Street's decline

LOCAL STOCKS dropped on Tuesday to follow Wall Street's decline overnight, with investors also pocketing gains after the bellwether's recent rally......»»

Category: financeSource:  bworldonlineRelated NewsJun 13th, 2017

Stock Market: Wall Street rally boosts PHL stocks in thin trade

A RISE in US markets over the weekend pulled up local stocks on Monday, with the market lacking other catalysts to spark trading activity......»»

Category: financeSource:  bworldonlineRelated NewsFeb 13th, 2017

Local stocks tumble amid Wall Street crash

Share prices suffered heavily yesterday with the Philippine Stock Exchange index spiralling down below the 7,000 mark again......»»

Category: financeSource:  philstarRelated NewsOct 25th, 2018

US-Mexico trade bargain sends Wall Street soaring

NEW YORK, United States -- The United States and Mexico announced a breakthrough deal on trade on Monday, sparking a Wall Street rally that pushed major indices to fresh record closes. Canada's dollar and Mexico's peso both strengthened against the US dollar, which in turn weakened against a basket of other currencies. In Europe, trading was thin with London closed for a public holiday. US President Donald Trump and outgoing Mexican President Enrique Pena Nieto hailed the new trade agreement, which raises hopes the North American Free Trade Agreement can be salvaged after Canada rejoins the talks on Tuesday. The deal tightens local content requirements for autos, as well ...Keep on reading: US-Mexico trade bargain sends Wall Street soaring.....»»

Category: newsSource:  inquirerRelated NewsAug 27th, 2018

Wall Street gains buoy local stocks

The stock market ended on a strong note yesterday, with the benchmark Philippine Stock Exchange index closing higher by 66.16 points or 0.88 percent to finish at 7,583.52, while the broader All Shares index gained 21.29 points or 0.46 percent to end at 4,606.69......»»

Category: financeSource:  philstarRelated NewsAug 18th, 2018

PH stocks gain more ground

  The local stock barometer firmed up for the fourth straight session yesterday, flirting with the 7,400 mark in intra-day trade in line with mostly upbeat regional markets.   The main-share Philippine Stock Exchange index (PSEi) added 48.6 points or 0.66 percent to close at 7,399.18. The index hit as high as 7,405.42 in intra-day trade.   Across regional markets, stock markets were mostly higher as US-China trade war jitters have waned for now.   Investors took heart from upbeat trading on Wall Street overnight. The Dow Jones Industrial Average added 224.44 points or 0.91 percent.   Except for the services counter, all sub-indices ende...Keep on reading: PH stocks gain more ground.....»»

Category: newsSource:  inquirerRelated NewsJul 13th, 2018

PSEi ends the week in the red

By Denise A. Valdez LOCAL stocks slipped on Friday, after an overnight drop in Wall Street and the central bank’s move to reduce banks’ required reserves. The Philippine Stock Exchange index (PSEi) closed at 7,647.51, dropping 5.02 points or 0.07%. The broader all shares index, meanwhile, gained 7.32 points or 0.16% to close at 4,654.67. […] The post PSEi ends the week in the red appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 25th, 2018

Most Asian markets rise after Wall St rally, ringgit bounces

Hong Kong, China — Most Asia markets rose Monday as investors built on last week’s rally, with another healthy lead from Wall Street providing support, but oil prices retreated from their three-and-a-half-year highs. Malaysia’s ringgit recovered from an early sell-off to sit flat while stocks were up more than one% in Kuala Lumpur as trading […] The post Most Asian markets rise after Wall St rally, ringgit bounces appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 14th, 2018

PSE index stays above 8,000, defies regional slump

  The local stock barometer stabilized above the 8,000 mark on Tuesday, defying the slump across most regional markets on selective buying of large-cap stocks. Reversing early losses, the main-share Philippine Stock Exchange index (PSEi) added 9.27 points or 0.12 percent to close at 8,048.72. Elsewhere in the region, stock markets were mostly lower, tracking the overnight decline in Wall Street. The PSEi was led higher by the holding firm and mining/oil counters, which both advanced by over 1 percent. The services and property counters also firmed up. On the other hand, the financial counter declined by 1.13 percent while the industrial counter also fell by 0.9...Keep on reading: PSE index stays above 8,000, defies regional slump.....»»

Category: newsSource:  inquirerRelated NewsApr 3rd, 2018

Tokyo Stocks Close Higher on Wall Street’s Overnight Rally

Tokyo stocks closed higher Friday with bellwether tech-related issues gaining ground tracking their U.S. counterparts’ rise on Wall Street’s overnight rally. The 225-issue Nikkei Stock Average gained 295.22 points, or 1.40 percent, from Thursday to close the day at 21,454.30. The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, […].....»»

Category: newsSource:  metrocebuRelated NewsApr 3rd, 2018

Stocks end at year-low over rate hike anxieties

MANILA, Philippines — It was a bloodbath at the local stock market yesterday following a similar selloff in Wall Street......»»

Category: financeSource:  philstarRelated NewsMar 21st, 2018

Stocks decline to track Wall Street on Tillerson

SHARES fell on Wednesday as the lack of catalysts in the local front, alongside tensions in the United States’ political scene, continued to put pressure on regional markets. The 30-member Philippine Stock Exchange (PSEi) index gave up 0.84% or 70.83 points to close at 8,348.74, while the broader all-shares index also dropped 0.61% or 31.31 points […] The post Stocks decline to track Wall Street on Tillerson appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMar 14th, 2018

PSEi snaps 3-day losing streak on US rally

LOCAL shares snapped their three-day losing streak in early trading on Monday as sentiment was lifted by the gains on Wall Street on Friday after February US jobs data came in better than expected. At the noon break, the bellwether Philippine Stock Exchange index (PSEi) was up 97.33 points or 1.16 percent at 8,469.84.  The wider All Shares index was up 44.63 [...] The post PSEi snaps 3-day losing streak on US rally appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsMar 12th, 2018

Global gloom infects local stocks

PHILIPPINE EQUITIES finished the week with their third straight day of decline, keeping pace with weakening by Wall Street and others in Asia in the face of more protectionist moves by US President Donald A. Trump. The Philippine Stock Exchange index (PSEi) edged down by 7.2 points or by a nearly flat 0.08% to close […] The post Global gloom infects local stocks appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 2nd, 2018

PH stocks slip to 8,500

  The local stock barometer slipped to the 8,500 mark on Thursday as investors continued to price in the impact of rising inflation and interest rates in the country. Tracking the overnight slump in Wall Street, the main-share Philippine Stock Exchange index (PSEi) shed 98.08 points or 1.14 percent to close at 8,515.57. The index was dragged down most by the holding firm, mining/oil and property counters, which all fell by over 1 percent. The financial and industrial counters also slipped. Only the services counter modestly gained. Value turnover for the day amounted to P10.45 billion. Net foreign selling for the day amounted to P389.87 million. There were 136 ...Keep on reading: PH stocks slip to 8,500.....»»

Category: newsSource:  inquirerRelated NewsFeb 22nd, 2018

PH stocks down as jitters return

  The local stock index slipped on Thursday as bond jitters returned to spook global markets ahead of a closely watched local monetary setting meeting. The main-share Philippine Stock Exchange index (PSEi) shed 22.48 points or 0.26 percent to close at 8,645.08, tracking the overnight slump on Wall Street. After the day's closing, the inflation-targeting Bangko Sentral ng Pilipinas announced that it had kept key interest rates unchanged despite the spike in the January inflation rate. However, it raised inflation forecasts this year and next year to 4.3 percent and 3.5 percent, respectively, from 3.4 percent and 3.2 percent. Looking forward, Papa Securities said th...Keep on reading: PH stocks down as jitters return.....»»

Category: newsSource:  inquirerRelated NewsFeb 8th, 2018

Market rebounds, closes 1.37% up

  The local stock barometer yesterday rebounded as the bloodbath in the last two sessions opened a window of opportunity for bargain-hunters. The main-share Philippine Stock Exchange index (PSEi) recouped 117.14 points or 1.37 percent to close at 8,667.56, taking its cue from the recovery of stocks in Wall Street overnight. "The (US) dollar relinquished gains as US equities stabilized in a turbulent trading session," said BDO chief strategist Jonathan Ravelas. "The fading risk-off mood weighed on treasuries, which were sold off as stocks recovered." All counters firmed up, led by the industrial counter which went up by 2.12 percent. The financial, services, mining/o...Keep on reading: Market rebounds, closes 1.37% up.....»»

Category: newsSource:  inquirerRelated NewsFeb 7th, 2018

PSEi bounces to 8,600 level

The local stock barometer bounced on Wednesday as the bloodbath in the last two sessions opened the window of opportunity for bargain-hunters. The main-share Philippine Stock Exchange index (PSEi) recouped 117.14 points or 1.37 percent to close at 8,667.56, taking its cue from the recovery of stocks in Wall Street overnight. "The (US) dollar relinquished gains as US equities stabilized in a turbulent trading session," said BDO chief strategist Jonathan Ravelas. "The fading risk-off mood weighed on Treasuries, which were sold off as stocks recovered." All counters firmed up, led by the industrial counter which went up by 2.12 percent. The financial, services, mining/oil an...Keep on reading: PSEi bounces to 8,600 level.....»»

Category: newsSource:  inquirerRelated NewsFeb 7th, 2018

PSEi ends nearly flat amid lack of leads

THE PHILIPPINE STOCK EXCHANGE index (PSEi) managed to stage a last-minute rally on Friday to edge up from the past week, enabling the local benchmark to stay in step with several Asian peers. Wall Street was closed for the Thanksgiving holiday. PSEi climbed 21.88 points or 0.26% to close 8,365.11 — and up 0.65% from […] The post PSEi ends nearly flat amid lack of leads appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsNov 24th, 2017

Main stock price index sets record finish

The local stock barometer surged to a new record finish past 8,500 yesterday as investors took their cue from upbeat sentiment in Wall Street. The main-share Philippine Stock Exchange index (PSEi) racked up 146.94 points or 1.75 percent to close at its best-ever finish of 8,523.07. All counters traded higher, led by holding firms, which rose 2.45 percent. On the other hand, the industrial and services counters both gained more than 1 percent. The financial and mining/oil counters also firmed up. Value turnover for the day amounted to P7.29 billion. "Philippine stocks bounced back from the slump after US stocks closed at records on Friday, with major indexes extending their le...Keep on reading: Main stock price index sets record finish.....»»

Category: newsSource:  inquirerRelated NewsNov 7th, 2017