Tag: #Luis Limlingan
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Stocks fall due to higher inflation rate
The local stock market fell after the government announced a higher-than-expected rise in the consumer price index.
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Corporate earnings continue to buoy PSEi
The local stock market rose for the third day as corporate earnings continue to buoy investor sentiment.
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Stocks rise on better corporate earnings
The local stock market rose further as more firms report positive performances for the first half of the year.
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Stocks flat after weak start
The local stock market kicked off August by managing to end flat after recovering from a drop earlier in the day.
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Stocks drop on profit taking
The PSEi dropped in the last trading day of the month as investors took profit from the previous day’s spike in prices.
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Stocks rally as Fed to slow tightening pace
The local stock market rallied on news that the US Federal Reserve may no longer need to raise rates as aggressively in the near term.
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Stocks marginally higher
The PSEi managed to close higher after sluggish trading during the day as investors continue to wait for news from the US Federal Reserve.
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Stocks slightly up after SONA
The local stock market improved only slightly after the previous day’s much awaited State of the Nation Address as investors adopt a “wait-and-see” attitude.
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Stocks drop as investors wait for SONA
The local stock market lost ground as investors wait for the President’s State of the Nation Address (SONA).
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Stocks continue to drift sideways as week ends
The local stock market ended just a bit higher after listless trading as investors wait for catalysts.
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Stocks dip on wider BOP deficit
The local stock market dipped due to sobering US and domestic economic data.
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Stocks slightly lower on late profit-taking
The local stock market ended slightly lower after trading in the green most of the day.
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Stocks bounce on US gains
The local stock market bounced on the back of gains in the US as well as news of another rollback in pump prices. The main index rose 73.52 or 1.19 percent to close at 6,268.78 as the Property index led the advance with a substantial gain while the Services and Mining and Oil counters retreated.
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Stocks end the week lower
The local stock market declined as investors opted to cash out for the weekend. The main index dropped 52.87 points or 0.85 percent to close at 6,195.26 as the Mining and Oil counter led the decline with only the Industrial sector bucking the trend. Volume remained low at 785 million shares worth P5.64 billion as losers beat gainers 124 to 70 with 44 unchanged.
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PSE flat after BSP’s surprise rate hike
The PSEi managed to recover most of its intraday losses after a quick pre-emptive move by the Bangko Sentral to raise rates. The main index shed 7.24 points or 0.12 percent to close at 6,248.13 with the Property sector suffering the biggest drop while only the Financials and Services counters managed to advance. Volume was relatively stable at 680 million shares worth P5.3 billion as losers beat gainers 124 to 69 with 34 unchanged.
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Stocks drop on concern over inflation, peso
The local stock market fell in anticipation of a spike in the June inflation rate while the peso continues to weaken. The main index dropped 94.57 points or 1.49 percent to close at 6,255.37 as Conglomerates and Banks led the retreat although the Mining and Oil counter managed to advance. Volume firmed up to 1.28 billion shares worth P5.55 billion as losers swept gainers 139 to 44 with 49 unchanged.
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Stocks consolidate while waiting for leads
The local stock market declined as investors pocket gains while waiting for more news. The main index lost 38.70 points or 0.61 percent to close at 6,349.94 with sectoral indices evenly mixed. Volume improved slightly but remained thin at 955 million shares worth P4.19 billion as losers beat gainers 105 to 82 with 49 unchanged.
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Stocks end week higher on lower oil prices
The local stock market ended slightly higher a strong start as investors were quick to pocket gains made on the back of prospects of lower pump prices next week.