Monday, October 31, 2011

Philippine stock market to see some buying interest due to Greek debt resolution

By: Daxim L. Lucas
Philippine Daily Inquirer
7:36 pm | Monday, October 31st, 2011

MANILA, Philippines—Local stocks are expected to trade mixed when trading resumes on Wednesday, after a two-day holiday break.
Traders expected the Philippine Stock Exchange index to move within a narrow band over the next few days given the abbreviated trading week and muted investor interest.
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PSEi rallies past 4,300 on euro zone plans

Posted on October 31, 2011 08:45:58 PM

THE MAIN index closed in the green territory last week, except for a midweek dip, climbing safely above 4,300.
The Philippine Stock Exchange index (PSEi) gained a total of 4.01% or 167 points by Friday compared to the week before, closing at 4,333.72.
No differently, the all-share index added 2.34% or 68.70 points by Friday compared to the previous week, edging past the 3,000 psychological barrier to close at 3,004.91
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Monday, October 24, 2011

Investors to be guarded amid EU woes

Posted on October 23, 2011 07:21:59 PM


INVESTORS ARE expected to trade guardedly this week as they monitor events in the euro zone after leaders met during the weekend to decide on measures to address the raging debt crisis.
"Investors are keeping an eye on developments abroad, especially Europe," said analyst Astro C. del Castillo, managing director of brokerage firm First Grade Holdings, Inc., in a telephone interview yesterday.

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Thin trading seen

Philippine Daily Inquirer
12:43 am | Monday, October 24th, 2011

MANILA, Philippines—Trading this week is expected to stay thin as investors stay on the sidelines and wait for local and international developments that can swing sentiment in either direction.
Investors were mostly anxious and quiet last week, resulting in modest trading activity that saw the benchmark Philippine Stock Exchange index (PSEi) closing at 4,166.60, or 0.32-percent higher week on week.

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