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Just PLDT
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11/19/2008 |
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Just PLDT (November 19, 2008)
Stocks managed to rally today as bargain hunters continued to bargain hunt selectively. The local equities market managed to buck the trend in Asia and follow the lead of the US market, which managed to hold on to its support for now. The buying was broad based as investors were still worried about the deteriorating global economic and corporate fundamentals. |
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Dim Outlook
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11/18/2008 |
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Dim Outlook (November 18, 2008)
For the second straight day, the local stock market moved lower on thin trading. Pessimism emanated from global and local developments as the PSEi broke below 1,900, which was the support level. The index lost 66.40 points or 3.42% to close at 1,873.60. The PSEi has now lost over 100 points in the last two trading days. Last night, US markets were weaker as economic indicators showed that the US was heading into a recession as the fourth quarter is expected to lead to a second straight quarter of decline. |
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Policies Reviewed
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11/17/2008 |
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Policies Reviewed (November 17, 2008)
Tracking Wall Street''''''''s performance, the local index edged 1.92% lower this morning to a drop of 38 points. Most regional markets still showed signs of weakness after a set of economic reports were released. |
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Downward
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11/13/2008 |
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Downward (November 13, 2008)
For the first time this week, the local stock market tracked lower and wiped out the gains from the last three days. Taking its cue from the US markets, the PSEi lost 29.75 points or 1.53% to close at 1,918.97. The DOW was lower last night as Wall Street was hit by weaker earnings. Earnings reports from retailers signal that consumer spending is slacking. |
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PLDT To The Rescue
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11/12/2008 |
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PLDT To The Rescue (November 12, 2008)
Local stocks closed unchanged as the dearth if market moving news kept investors on the sidelines. Bargain hunters were tentative as the country''''''''s leading business group warned of difficult times for 2009. However, it is worth noting that selling pressures seem to have tapered off on the big cap blue chip issues. |
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