Tag: index

SHARES bounced back on Thursday as index heavyweights SM Prime Holdings, Inc. (SMPH) and Ayala Corp. (AC) recovered from heavy losses in the previous session.

HEAVYWEIGHTS dragged the main index on Wednesday as Mitsubishi Corp. reduced its stake in Ayala Corp. (AC) while the Department of Interior and Local Government’s (DILG) intent to wipe out all reclamation projects in Manila Bay hurt SM Prime Holdings, Inc. (SMPH), which has ambitious projects set in the harbor.

LOCAL STOCKS slid slightly on Tuesday as investors awaited the British parliament’s take on a historic vote on the Brexit deal, while China’s trade data brought disappointment.

THE MAIN INDEX opened the week on a positive note amid a recovery in banking stocks and news that the new real estate investment trusts (REIT) rules will be out in the first half of the year.

STOCKS MAY move sideways in the week ahead as a breather is expected to support the main index’s rally in the coming days.

SHARES fell on the last trading day of the week as investors turned cautious on the banking sector after news of Korean firm Hanjin’s $412-million loan default from five of the country’s largest banks.

SHARES CONTINUED their ascent on Thursday, bringing the main index closer to the 8,000 level on hopes of warmer trade relations between the United States and China after their officials’ meeting this week.

THE MAIN INDEX soared past the 7,900 level on Wednesday, following optimistic views on trade relations between the United States and China alongside the continued flow of foreign funds into the local bourse.

THE MAIN INDEX corrected on Tuesday as investors chose to take profit while others stayed on the sidelines, waiting for the results of the trade talks between the United States and China.

LOCAL EQUITIES booked gains on Monday as investors turned upbeat prior to the start of meetings between the United States and China to defuse their ongoing trade war.

SHARES MAY CORRECT in the week ahead on the back of profit taking after the main index hit a high of 7,801.50, while investors also anticipate the release of trade numbers for 2018.

PHILIPPINE EQUITIES climbed for a fifth straight trading day on Friday on the back of investor optimism in the face of easing inflation, with consumer stocks particularly benefiting from the latest price data.

LOCAL STOCKS surged on Thursday as investors continued to buy shares in anticipation of better inflation figures for December.

SHARES FIRMED up on the first trading day of the year amid thin volume, as investors looked ahead to the release of likely slower inflation data for December.

LOCAL EQUITIES are seen to firm up in the first trading day of 2019 as investors await the release of data on December inflation as well as the country’s economic growth.

THE local bourse tanked on the last trading day of 2018, failing to hold on to early morning gains as investors chose to take profits amid year-end window dressing.

LOCAL EQUITIES recovered on Thursday amid a stellar performance from Wall Street overnight.

SHARES TREKKED lower on Wednesday due to thin trading, while also weighed down by the weakness of markets abroad.

LOCAL EQUITIES may trade sideways in the last three trading days of 2018 amid a shortened week and as investors take a pause for the holiday break.

THE PHILIPPINE STOCK EXCHANGE index (PSEi) closed below the 7,500 mark on Friday and was lower on the week after climbing for five straight weeks, dragged down by Wall Street’s plunge ahead of a long Christmas weekend.

STOCKS SLIPPED on Thursday following the US Federal Reserve’s decision to hike benchmark rates during its last policy meeting for 2018.

SHARES SOARED on Wednesday as investors reacted positively to the drop in oil prices, which could signal slower inflation and faster growth.

LOCAL EQUITIES dropped on Tuesday, tracking the negative sentiment in global markets as investors expect a more hawkish tone from the US Federal Reserve’s upcoming meeting.

STOCKS moved sideways on Monday amid a lack of local catalysts and ahead of the US Federal Reserve’s policy meeting.

LOCAL SHARES may trade sideways in the week ahead amid a lack of leads and as investors go on break for the Christmas holidays.

LOCAL shares ended flat on Friday as market sentiment was dampened by Chinese retail sales and industrial output data showing continued weakness in the world’s second largest economy.

THE Philippine Stock Exchange, Inc. (PSE) will establish a new subsidiary that will handle its real estate assets, including its old office in Ayala Avenue, Makati City.

LOCAL EQUITIES extended gains on Thursday on hopes that the United States and China will resolve their trade dispute.

SHARES CLOSED on a positive note on Wednesday despite trading in the red for most of the day, as investors welcomed US President Donald J. Trump’s positive comments on reaching a trade deal with China.

LOCAL SHARES recovered on Tuesday as investors hunted for bargains following the market’s recent decline.

THE LOCAL BOURSE took a dive on Monday as trade tension between the United States and China pummeled market sentiment across the globe.

LOCAL SHARES may climb in the week ahead as investors -- in the absence of any untoward foreign development -- digest recent signs that inflation began to slow in November, accompanied by a stronger peso.

THE MAIN INDEX retreated below the 7,500 mark on Friday to its lowest level in five days, though it rose for the fourth straight week.

STOCKS tumbled on Thursday as investors were concerned the arrest of a top executive of Chinese telco giant Huawei could further flare up trade tensions between China and the United States.

BPI Securities Corp. projects the local bourse to reach the 8,300 level by the end of 2019, driven by a rebound from the consumer sector on expectations of slower inflation next year.

LOCAL SHARES fell on Wednesday, reflecting the steep decline of markets in the United States pulled down by fears of a recession alongside the return of trade war fears.

THE MAIN INDEX rallied to the 7,700 level on Tuesday, driven by the optimism from the truce between China and the United States alongside expectations of tamer inflation for the month of November.

LOCAL EQUITIES surged on Monday, as investors cheered the United States and China’s decision to suspend the imposition of new tariffs until next year.

SHARES are seen to rise in the week ahead as the seasonal consumer spending uptick kicks in, alongside expectations of slower inflation for November.

THE MAIN INDEX tumbled on the last trading day of November, failing to sustain early morning gains due to the MSCI rebalancing and dovish comments from the US Federal Reserve chief, accompanied by window dressing.

STOCKS CORRECTED on Wednesday, ending a four-day winning streak as investors assessed how a pause on public works could affect the implementation of new projects next year.

SHARES CLIMBED on Tuesday despite mostly negative trading for most of the session, driven by the rally of retailer stocks in Wall Street on Cyber Monday.

LOCAL EQUITIES surged on Monday, bucking the sell-off in international markets last Friday, to make way for early window dressing for November.

SHARES may trade sideways in the days ahead as investors take a breather after the main index’s 250-point increase last week.

SHARES ended the week on a positive note, with foreign investors returning to the local bourse as US markets were closed for the Thanksgiving holiday.