Philippine Markets: 25 November 2010

25 November 2010

USD/PhP: 44.08 + 0.11 PSEi: 4097.49 - 27.05
USD/JPY: 83.48 PFINC: 955.45 - 1.15
EUR/USD: 1.3336 BDO: 54.80 + 0.30
GBP/USD: 1.5776 BPI: 58.00 - 0.80
PDSTF3M: 1.7308 MBT: 73.50 + 0.50
Prices as of 4:00pm Source: Bloomberg, Reuters


PH stocks continue to slide

Local stocks dipped for a fourth day on Thursday despite a strong overnight rebound on Wall Street and favorable news about third-quarter domestic economic output.

The main-share Philippine Stock Exchange index lost 27.05 points, or 0.65 percent, to close at 4,097.49.

The decline was led by the holding firm and industrial counters which both tumbled by over 1 percent.

There were 53 advancers, which were edged out by 74 decliners, while 42 stocks were unchanged.

Only the property counter managed to buck the day's downturn with a marginal gain of 0.62 percent.

Value turnover stood at P5.35 billion.

Mixed trading marked the list of active stocks, with the likes of SM Investments Corp., Alliance Global Group Inc., Metropolitan Bank & Trust Co., Philippine Long Distance Telephone Co., Sta. Lucia Land Inc., Ayala Land Inc., Belle Corp., San Miguel Corp. and Filinvest Land Inc. gaining ground.


Source: www.inquirer.net

Philippine Markets: 24 November 2010

24 November 2010

USD/PhP: 43.97 - 0.23 PSEi: 4124.54 - 22.81
USD/JPY: 83.09 PFINC: 956.60 - 3.59
EUR/USD: 1.3401 BDO: 54.50 - 0.60
GBP/USD: 1.5822 BPI: 58.80 - 0.65
PDSTF3M: 1.8115 MBT: 73.00 + 1.20
Prices as of 4:00pm Source: Bloomberg, Reuters


PH stocks slide amid tensions on Korean peninsula
By Doris Dumlao
Philippine Daily Inquirer

MANILA, Philippines – Local stocks lost ground for the third consecutive session Wednesday as fresh geopolitical tensions on the Korean peninsula spooked global markets.

The main-share Philippine Stock Exchange index shed 22.81 points or 0.55 percent to finish at 4,124.54.

Although investor sentiment was weak, local sell-offs were tempered by attractive valuations of some stocks following a sharp market correction two weeks ago.

Value turnover stood at P5 billion. There were almost twice as many stocks that declined for every single one that gained in share price.

Among the stocks that faltered were SM Investments Corp., Philippine Long Distance Telephone Co., Cebu Air Inc., Banco de Oro Unibank Inc., Energy Development Corp., Universal Robina Corp., San Miguel Corp., San Miguel Brewery Inc., DMCI Holdings Inc., Semirara Mining Corp., First Gen Corp., Metro Pacific Investments Corp. and International Container Terminal Services Inc.