PSEi now at 7,300 level

The local stock barometer continued its winning streak for the sixth straight session on Tuesday, firming up above the 7,300 mark despite an overnight downturn in Wall Street.
T
he main-share Philippine Stock Exchange index gained 88 points or 1.21 percent to close at 7,364.34 as risk appetite held up across the region despite renewed jitters in the West.

“Risk sentiment took a hit last night with investors getting anxious about the future of the single EU market. Weakening of commodity prices did not help the broad sentiment either,” Citigroup said in a research note.

At the local market, positioning for the year ahead continued to dominate given good prospects for the economy this year.


Read more: https://business.inquirer.net/222765/psei-now-7300-level

Start Learning How to Invest Stocks Today

Philippine Stocks - Virtual Trading

To register : https://www.stocksph.com/login

For mobile users you can also try TradeHero
http://ph-uvs.blogspot.com/2016/09/want-to-fast-track-learning-in.html

PSE Stocks Watch-list : JAN 2017

Stocks Watch-list using Warren-buffett stocks filter applied to PSE

To learn the technique of Warren-buffett follow the link below:

http://ph-uvs.blogspot.com/2016/09/warren-buffett-stock-101_27.html

Philippines stocks higher at close of trade; PSEi Composite up 0.54%

Investing.com – Philippines stocks were higher after the close on Friday, as gains in the Services, Property and Holding Firms sectors led shares higher.

At the close in Philippines, the PSEi Composite added 0.54% to hit a new 1-month high.

The best performers of the session on the PSEi Composite were Globe Telecom Inc (PS:GLO), which rose 6.25% or 99.000 points to trade at 1684.000 at the close. Meanwhile, Aboitiz Equity Ventures Inc (PS:AEV) added 3.17% or 2.300 points to end at 74.800 and International Container Terminal Services Inc (PS:ICT) was up 2.92% or 2.100 points to 73.900 in late trade.

The worst performers of the session were Petron Corp (PS:PCOR), which fell 5.34% or 0.550 points to trade at 9.750 at the close. DMCI Holdings Inc (PS:DMC) declined 2.67% or 0.360 points to end at 13.100 and GT Capital Holdings Inc (PS:GTCAP) was down 0.96% or 13.000 points to 1337.000.

Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 101 to 98 and 37 ended unchanged.

Gold for February delivery was down 0.40% or 4.75 to $1176.55 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February rose 0.02% or 0.01 to hit $53.77 a barrel, while the March Brent oil contract rose 0.02% or 0.01 to trade at $56.90 a barrel.

CNY/PHP was down 0.37% to 7.1526, while USD/PHP rose 0.14% to 49.525.
The US Dollar Index was up 0.25% at 101.64.

Source : Investing.com

PSEi up on 2017’s first trading day

The local stock barometer closed higher in thin trading on the first working day of 2017, as upbeat China factory gauge brought good tidings to regional markets.

The Philippine Stock Exchange index gained 20.67 points or 0.30 percent to 6,861.31 on the first trading day of the year.

For the third straight session, foreign investors were in a net buying position on upbeat prospects for the new year. Net foreign inflows to the local stock market stood at P319 million for the day.

Value turnover for the day was meager at P2.68 billion as many investors were still on a holiday break after the New Year turnover.

“The year ahead could once again be challenging. However, I believe that challenges offer us opportunities. Challenges hone our skills, develop our character, and allow us to appreciate the things we have,” PSE chair Jose Pardo said in his welcome remarks during the bell ringing program on Tuesday.

Read more: https://business.inquirer.net/222411/psei-2017s-first-trading-day