BusinessWorld
June 10, 2021 | 9:00 pm
PHILIPPINE shares declined on Thursday as the market corrected and as investors pocketed their profits following a two-day rally.
The bellwether Philippine Stock Exchange index (PSEi) went down by 26.83 points or 0.38% to close at 6,875.71 on Thursday, while the broader all shares index shed 5.85 points or 0.14% to finish at 4,154.36.
âMarket went on profit taking today after it moved substantially up in the last two days of trading,â Diversified Securities, Inc. Equity Trader Aniceto K. Pangan said in a text message on Thursday. âThis is considered a healthy correction.â
âThe market was unable to sustain its position at the 6,900 level, showing this to be a strong resistance so far,â Philstocks Financial, Inc. Senior Research Analyst Japhet Louis O. Tantiangco said in a Viber message.
PSEi inches up on last-minute bargain hunting
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Philippine stocks drop as investors pocket gains
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BusinessWorld
May 27, 2021 | 9:00 pm
PHILIPPINE shares rallied for a third straight day on Thursday as the possibility of the government approving another round of stimulus and the MSCI rebalancing boosted market sentiment.
The 30-member Philippine Stock Exchange index (PSEi) gained 323.90 points or 5.1% to close at 6,665.14 on Thursday, while the all shares index also went up by 135.53 points or 3.47% to finish at 4,034.92.
“The local market rallied this Thursday… on the back of optimism towards more fiscal stimulus for the Philippine economy,” Philstocks Financial, Inc. Senior Research Analyst Japhet Louis O. Tantiangco said in a Viber message.
The House of Representatives approved the second reading House Bill 9411 or the Bayanihan to Arise as One Bill, it is due for third and final reading next week.