Posted on September 10 2009 by Bullish Trader
The Philippine Stock Exchange (PSE) approved in August 2009 rules to exempt certain stocks from the price trading band or the limit in the increases or decreases of stock prices within the day.
Trading band: Max 50% price increase; max 40% price decrease
Stocks traded on the PSE currently have a limit of 50% in terms of [...]
Posted on August 24 2009 by Bullish Trader
Market poised to resume its upward move
LOCAL STOCKS are likely to resume their rise this week, boosted by an extended rally in Wall Street and the scheduled announcement of the country’s growth rate for the second quarter, analysts said.
“Players will take their cue from Wall Street’s recovery during the long weekend…,” 2TradeAsia.com said.
The American Int’l. [...]
Posted on August 21 2009 by Bullish Trader
Investors secure gains ahead of weekend
SHARE PRICES closed lower on Thursday after investors booked profits ahead of the long weekend, analysts said.
The benchmark Philippine Stock Exchange index (PSEi) slipped by 1.47% or 40.71 points to 2,720.18, while the all shares index shed 1.2% or 21.34 points to 1,744.29.
A total of 3.58 billion shares worth P4.25 [...]
Posted on August 20 2009 by Bullish Trader
Bargain hunting ensues after downturn
SHARE PRICES closed 1.07% higher yesterday due to bargain hunting following a three-day downturn, dealers said.
The Philippine Stock Exchange index closed 29.34 points higher at 2,760.89. The all shares index rose by 1.07% or 18.79 points to 1,765.63.
A total of 2.89 billion shares worth P3 billion changed hands.
Advancers led losers 89 [...]
Posted on August 19 2009 by Bullish Trader
US market slump drags down share prices
SHARE PRICES fell further yesterday, pulled down by the chain reaction of sell-offs that started in regional bourses in Asia on Monday on news that China plans to tighten bank lending, analysts said.
The benchmark Philippine Stock Exchange index closed down by 1.43% or 39.63 points to 2,731.55, while the [...]
Posted on August 18 2009 by Bullish Trader
Prices tumble after investors cash in gains
SHARE PRICES closed 2.77% lower yesterday, hurt by weak US sentiment and investors cashing in ahead of the part of the lunar calendar that the Chinese consider unlucky, dealers said.
The benchmark Philippine Stock Exchange index lost 78.83 points to 2,771.18, its lowest level in three weeks, while the all [...]
Posted on August 17 2009 by Bullish Trader
Mixed trading expected on lack of catalysts
THE LOCAL market is expected to continue trading within its current range as some investors might book profits due to lack of catalysts.
Analysts, however, said select issues might trim the market’s losses or help it close higher.
“For [this] week, the market is expected to take a breather on lack [...]
Posted on August 16 2009 by Bullish Trader
Stocks down on profit-taking
Philippine stocks fell on Friday as investors cashed in on gains made a day earlier when shares soared following the US Federal Reserve’s upbeat assessment of the US economy.
Concerns over a bigger budget deficit in 2010 also triggered a selloff, analysts said.
The benchmark Philippine Stock Exchange index or PSEi lost 0.21%, or [...]
Posted on August 14 2009 by Bullish Trader
Federal Reserve announcement fuels rally
SHARE PRICES closed 0.97% higher yesterday as investors took their cue from overseas markets and an upbeat assessment of the US economy by the Federal Reserve, dealers said.
The benchmark Philippine Stock Exchange index rose by 27.54 points to 2,856.06. The all shares index rose by 0.94%, or 17.02 points, to 1,811.94.
A [...]
Posted on August 13 2009 by Bullish Trader
Prices tumble after US stocks decline anew
SHARE PRICES succumbed to profit taking yesterday with investors taking their cue from Wall Street, which extended its decline, analysts said.
The benchmark Philippine Stock Exchange index lost 1.11% or 32.02 points to 2,828.52, while the all shares index slipped by 1.01% or 18.36 points to 1,794.92.
A total of 4.74 [...]
Posted on August 12 2009 by Bullish Trader
Profit taking caps gains by mining stocks
SELECT MINING issues managed to push up share prices yesterday despite investors pocketing gains due to lack of positive leads, analysts said.
The benchmark Philippine Stock Exchange index (PSEi) gained 0.34% or 9.96 points to 2,860.54, while the all shares index added 0.32% or 5.82 points to 1,813.28.
A total of [...]
Posted on August 11 2009 by Bullish Trader
Wall Street, corporate news push up prices
UPBEAT INVESTOR sentiment, buoyed by corporate developments at home and a rally in US stocks on Friday, pushed up share prices yesterday, analysts said.
The benchmark Philippine Stock Exchange index gained 2.42% or 67.60 points to 2,850.58, while the all shares index rallied by 2.05% or 36.34 points to 1,807.46.
A [...]
Posted on August 10 2009 by Bullish Trader
Prices may resume climb on US jobs data
THE NEWS over US employment data for July might spur buying this week although the market might also continue to correct, analysts said.
“The sun will come out [today.] After a week of correction, the good news will reverberate in the region this week and that will affect the [...]
Posted on August 8 2009 by Bullish Trader
Prices dive as investors continue pocketing gains
Without any leads to spur buying, investors again pocketed profits on Friday, sending share prices down.
The benchmark Philippine Stock Exchange index slipped by 2.04% or 58.23 points to 2,782.98, while the all-shares index declined by 1.56% or 28.17 points to 1,771.12.
A total of 5.22 billion shares worth P2.84 billion [...]
Posted on August 7 2009 by Bullish Trader
Share prices dip after investors book profits
SHARE PRICES slipped yesterday after investors pocketed gains, analysts said. US stocks also fell, dampening sentiment.
The benchmark Philippine Stock Exchange index lost 1.58% or 45.75 points to 2,841.21, while the all shares index retreated by 1.15% or 20.98 points to 1,799.29.
A total of 5.1 billion shares worth P3.67 billion [...]