Friday, September 30, 2011

PH stock prices rise for third straight day

By: Doris C. Dumlao
Philippine Daily Inquirer

MANILA, Philippines – Most local stock prices rose for a third straight session on Friday, perking up the main index by 3.15 percent, on a mix of bargain-hunting and quarter-end window-dressing.
The main-share Philippine Stock Exchange index recouped 122.02 points to finish at 3,999.65. Despite a sluggish start earlier this week, the index has gained 113.69 points or 2.9 percent this week.

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Thursday, September 29, 2011

Philippine stocks slightly higher amid bargain-hunting

By: Doris C. Dumlao
Philippine Daily Inquirer

MANILA, Philippines—The local stock market struggled to remain in positive territory on Thursday but bargain-hunting firmed up the main index despite the temptation to join the profit-taking seen in offshore markets.

The main-share Philippine Stock Exchange index added 1.51 points, or 0.04 percent, to finish at 3,877.63 as investors focused their trades on selective blue chips. Local stocks thus overcame a rough start but encountered some resistance near the 3,900 mark.

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Wednesday, September 28, 2011

Philippine shares rebound by 4.16 per cent

Manila - Philippine shares rebounded Wednesday, rising by 4.16 per cent after key markets around the world posted modest gains.
The Philippine Stock Exchange's 30-share composite index gained 154.90 points to close at 3,876.12, up from Monday's finish of 3,721.22.

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Philippine stocks rebound; index recovers 155 points

By: Doris C. Dumlao
Philippine Daily Inquirer

MANILA, Philippines—Most local stock prices rebounded sharply on Wednesday, lifting the main index away from bear territory, as Germany's assurance that it will help debt-strapped Greece boosted bargain-hunting.
The main-share Philippine Stock Exchange index recouped 154.9 points or 4.16 percent to finish at 3,876.12.

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Relief for PSEi with rebound expected

THE STOCK market is expected to rebound after the Philippine Stock Exchange index (PSEi) fell by over 4% on Monday, as other markets finished mostly in the green yesterday, analysts said.
This, as trading yesterday was suspended due to the lack of clearing facilities as typhoon Pedring shut down government offices.

Still, analysts warned that trading would remain volatile due to the unresolved euro zone debt crisis.

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