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Optimism to Pessimism
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12/12/2008 |
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Optimism to Pessimism (December 12, 2008)
Investors, both local and abroad, were optimistic over Obama''''s plans to pump prime the US economy, and it showed in the way stock markets performed early this week. However, the local stock market ended on pessimism over the US automobile industry''''s bailout. The PSEi was slightly higher week on week, gaining 4.78 points or 0.25% to close at 1,893.74. |
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Shaky Start
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12/5/2008 |
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Shaky Start (December 5, 2008)
December is off to a shaky start as the local stock market gave back a portion of its gains in the previous week. In the week that was, the PSEi shed 82.61 points or 4.19% as it closed at 1,888.96. The US markets were rocky throughout the week as more dismal economic indicators gave glimpses of the state of the world''''s largest economy. |
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Good Run
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11/27/2008 |
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Good Run (November 28, 2008)
The Philippine market had a good run with a week on week gain of 12%. This was mainly due to the rising confidence in Wall Street brought by the economic stimulus programs of the US government. The unveiling of the economic team of President-elect Obama also created a stir in the global markets. |
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Further Lows
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11/21/2008 |
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Further Lows (November 21, 2008)
While the PSEi is still above its 52-week low, several other key indices and stocks plunged to new lows. It was a difficult week for equities worldwide as the depth of the global economic problems, the US in particular, worsened. The DOW dropped to a six-year low as it lost almost 900 points in just two days. |
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A Period of Calm
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11/14/2008 |
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A Period of Calm (November 14, 2008)
Local stocks rallied last week, aided by bargain hunting on some key big cap blue chip issues. The Philippine main composite index closed up 56.71 points or 3.0% week on week to 1,978.05. The broader All Shares Index inched up 10.44 points or 0.8% to 1,272.07. |
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