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Daily Market Notes May 2, 2016
PSE 7,053.88 -105.41 (-1.47%) TURNOVER 4.80B RECKONING Well, the Dow Jones was able to halve its losses, but Asia, namely Japan and Hong Kong were still down big. the PSE likewise was again "lucky" to get the force closers on their side. Same old story. Heavy selling will let up by 3pm, to give way to slow weaker sell posts which will be bought up all the way until final close by the force ... read more...
LN's UCC's Oct 22 '14
7154... - a magical close today with the help of last minute mark ups on the Ayalas - BPI, AC and ALI... We have quipped that the market is bound to bounce back with a vengeance and here we are , right at about those touching these resistances... Also looking solid and basing now is of course the international markets as well... This should bode well for plays and the market in general go... read more...
Falling Industrial Profits in China Drag PH Stocks
Philippine stocks plunged on the first session of the week as regional weakness wrought by the latest economic data out of the regions largest economy dragged the local equity market to its fifth consecutive decline. Yesterday, the Philippine Stock Exchange Index (PSEi) sank and lost 101.96 points, or -1.47 percent, to 6,815.59, while the broader All Shares Index (PSE:ALL) trailed by -0.96 pe... read more...
Monetary Board Keeps Rates Steady
Philippine stocks settled in negative territory in the week ending September 24th, as local market players weighed in weakness in Chinas manufacturing sector for the current month, as well as the negative outlook for the countrys growth this year. The shortened trading week saw the Philippine Stock Exchange Index (PSEi) plunging 3.01 percent, settling below the 7,000-mark again after losing... read more...