Noticias de dinero

PSEI fell by 0.68%, pesos by 56.22 pesos.

AFTER a six-day market advance, the local stock exchange fell 45.79 points (0.68 percent) to 6,734.99. The broader All Shares index also fell 12.95 points (0.37 percent) on Thursday to close at 3501.03. Claire Alviar, a researcher at Philstocks Financial Inc., said investors took profits on the day as Bangko Sentral ng Pilipinas’ inflation forecast

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Noticias de dinero

Profit-taking expected as PSEi continues to rise

Profit-taking may be in order after last week’s four-day stock market rally to the 6600 level. The Philippine Stock Exchange (PSEi) ended Friday up 76.43 points, or 1.17%, to 6,606.94, its best close since September 23. Growth only on Tuesday exceeded 200 points. “On the chart, the local market was able to maintain its position

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Noticias de dinero

PSEi up 1.17% as peso strengthens

The local stock exchange closed high on Friday, extending its rally by 76.43 points (1.17%) to end the week at 6,606.94. The broader All Shares also followed suit, climbing 30.40 points (0.89 percent) to 3452.44. Japhet Tantiangco, senior research analyst at Philstocks Financial Inc., explained that this is still due to expectations that both the

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Noticias de dinero

PSEi breaks 6500, up 1.26%

The Philippine Stock Exchange’s benchmark index (PSEi) rose for the second day in a row and returned to 6500, adding 80.67 points, or 1.25%, to close at 6510.32. The broader All Shares index also rose 25.61 points, or 0.76 percent, to end the day at 3415.76. The PSEi index last closed higher on September 16,

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Noticias de dinero

PSEi, peso falls as the week starts

The stock market and the peso opened the week lower, both closing down from Friday as economic concerns re-engaged investors. The Philippine Stock Exchange’s core index (PSEi) lost 34.14 points, or 0.53 percent, to 6,403.24 points as of Monday’s end, while the broader All Shares Index slipped 10.67 points, or 0.31 percent, to 3385.96 points.

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Noticias de dinero

PSEi starts the week up 1.08%

The stock market opened the trading week on a positive note, returning to the 6300 level, as investors continued to rejoice at the latest economic news. The underlying index of the Philippine Stock Exchange (PSEi) added 67.99 points, or 1.08 percent, and by the end of the day amounted to 6354.76 points. All shares also

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Noticias de dinero

PSEi fell by 1.19%; US inflation expected

The ABOVE PREDICTIONS of third-quarter economic growth failed to lift the stock market on Thursday, with the Philippine Stock Exchange (PSEi) down 74.11 points, or 1.19 percent, to end the day at 6,167.57. The drop was in line with a broader decline in Asia, analysts said, as investors await the release of the latest US

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Noticias de dinero

PSEi down 0.75% ahead of GDP news

Profit-taking in the LAST MINUTES hit the stock market on Wednesday, with the Philippine Stock Exchange’s benchmark index (PSEi) losing 47.42 points, or 0.75 percent, to close at 6,241.68. The broader All Shares index also fell 0.45%, or 15.01 points, to 3292.74 points. “In September, the unemployment rate improved from the previous month, recording the

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Noticias de dinero

PSEi remained almost unchanged, dropped to 6,289.10

The stock market shrugged off good jobless news on Tuesday, with the Philippine Stock Exchange’s benchmark index (PSEi) falling 6.48 points, or 0.10 percent, to 6,289.10 after two days of trading in the green. The broader All Shares shed 5.82 points, or 0.18 percent, to close at 3307.75. Investors took some gains ahead of third-quarter

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Noticias de dinero

PSEi down 0.81% on Fed and BSP news

NEWS that the US central bank is unlikely to stop its interest rate hike anytime soon put pressure on Asian stock markets on Thursday, including the Philippine Stock Exchange’s benchmark index (PSEi). Bangko Sentral ng Pilipinas (BSP) Gov. Felipe Medalla’s early morning announcement that policymakers would match the Fed’s latest 75 basis point hike later

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