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Stocks drop on profit taking, higher gov t debt

February 3, 2021 | 9:00 pm Font Size AAA THE MAIN INDEX ended in negative territory on Wednesday following news on the governmentâs outstanding debt and as investors booked their profits after the marketâs two-day rally. The benchmark Philippine Stock Exchange index (PSEi) fell 8.42 points or 0.12% to finish at 6,859.46, while the broader all shares index dropped 0.91 points or 0.02% to end at 4,143.26. Philstocks Financial, Inc. Senior Research Analyst Japhet Louis O. Tantiangco said in a mobile phone message that the market ended lower following the release of data on the governmentâs outstanding debt. âConcerns over the jump of our national governmentâs outstanding debt and its possible repercussions to the economy weighed on (market) sentiment,â Mr. Tantiangco said.

Revin mikhaeld ochaveDarren blainet panganResearch head christopher john mangunSoutheast equities incSenior research analyst japhet louiso tantiangcoPhilstocks financial incPhilippine stock exchangeTimson securities incBureau of the treasury btr onSenior research analyst japhet louisOnline trading darren blaineRevin mikhaelதென்கிழக்கு பங்குகள் இன்க்பிலிப்பைன் ஸ்டாக் பரிமாற்றம்டைம்சன் பத்திரங்கள் இன்க்பணியகம் ஆஃப் தி கருவூலம் பெற்ற ஆன்

PSEi improves on bicam approval of CREATE bill

Reporter PHILIPPINE STOCKS closed higher on Tuesday as investor sentiment got a lift from the Bicameral Conference Committee’s approval of the proposed Corporate Recovery and Tax Incentives for Enterprises Act (CREATE). The bellwether Philippine Stock Exchange index (PSEi) improved by 53.12 points or 0.77% to close at 6,867.88, while the broader all shares index rose 40.5 points or 0.98% to 4,144.17. AAA Southeast Equities, Inc. Research Head Christopher John Mangun said in an e-mail that the market improved as investor sentiment was boosted by the approval of the CREATE bill by the Bicameral Conference Committee on Monday. “The bill is expected to boost the economy’s recovery with the outright reduction of corporate income tax and other fiscal incentives,” Mr. Mangun said.

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Shares up on manufacturing data, vaccine news

February 1, 2021 | 9:00 pm Font Size AAA PHILIPPINE SHARES bounced back on Monday as market sentiment improved due to factory activity data and the nearing arrival of coronavirus disease 2019 (COVID-19) vaccines in the country. The Philippine Stock Exchange index (PSEi) improved 202.14 points or 3.05% to finish at 6,814.76 yesterday, while the broader all shares index rose 96.34 points or 2.4% to end at 4,103.67. AAA Southeast Equities, Inc. Research Head Christopher John Mangun said in an e-mail that the local bourse closed higher as investor sentiment got a boost from positive manufacturing data. “It was a very good day for the PSEi after it rallied more than 200 points. Aside from the technical bounce that we were already expecting, the sentiment got a boost from January manufacturing numbers,” Mr. Mangun said.

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Shares sink on local transmission of virus strain

Shares sink on local transmission of virus strain
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Local shares close lower on lack of fresh leads

Local shares close lower on lack of fresh leads
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