Arab Today, arab today philippine stocks catch break on profittaking
Last Updated : GMT 01:44:06
Arab Today, arab today
Arab Today, arab today

Philippine stocks catch break on profit-taking

Arab Today, arab today

Arab Today, arab today Philippine stocks catch break on profit-taking

Manila - XINHUA

Profit takers pulled down the Philippine stock market on Monday but the overall sentiments remain upbeat. The bellwether Philippine Stock Exchange index lost 0.19 percent or 12.04 points to 6,296.32, while the broader all-share index bucked the trend by gaining another 0.19 percent or 12.04 points to 3,804.05. Trading volume reached 3.59 billion shares worth 10.19 billion pesos (228.34 million U.S. dollars) with 82 stocks advancing, 73 declining, and 57 unchanged. The local equities last week posted its best weekly return for the year with investors focused on corporate numbers as the earnings season gets underway. "The composite index benefited from investor excitement on corporate earnings reports. However, while we acknowledge that this may continue to boost the market in the coming days, we believe this may not be enough to continuously push the market up, given the economic turmoils in the U.S. and other Asian neighbors, " Joyce Anne Ramos of AB Capital Securities, Inc. said in her daily stock market comment. The recently released Federal Open Market Committee (FOMC) meeting minutes noted that the U.S. Federal Reserve has been considering the possibility of increasing key interest rates. The issue has been raised when some Fed officials mentioned that if their current inflation would persistently remain below 2 percent, it may pose risks to their economic performance. "Despite the concerns regarding the economic stability of the neighboring counties, local trading remained strong, driven by positive macroeconomics news, indicating a continuously improving fundamentals of the Philippines," Ramos said. Ramos further added that positive earnings performance continue to fuel this week's rally, thus sparking optimism for more favorable releases in the coming days. Stocks in the 30-company index closed mixed. Among those picked up were Megaworld Corp., SM Prime Holdings, Inc,. and heavyweight Philippine Long Distance Telephone Co

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today philippine stocks catch break on profittaking Arab Today, arab today philippine stocks catch break on profittaking

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today philippine stocks catch break on profittaking Arab Today, arab today philippine stocks catch break on profittaking

 



Arab Today, arab today
Arab Today, arab today Arab tradition glitters in Colombia

GMT 12:59 2017 Thursday ,19 October

Arab tradition glitters in Colombia
Arab Today, arab today Second US judge orders freeze

GMT 08:04 2017 Thursday ,19 October

Second US judge orders freeze
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Silent Republicans have their reasons

GMT 16:55 2017 Thursday ,19 October

Silent Republicans have their reasons
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Hussein Fahmy happy for honoring in festival

GMT 07:47 2017 Tuesday ,17 October

Hussein Fahmy happy for honoring in festival
Arab Today, arab today Climate-disrupting volcanoes helped topple

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 09:31 2017 Monday ,16 October

Dalal Abdel Aziz happy for “Seventh Neighbor”

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 18:29 2017 Sunday ,03 September

Designer produced new set of ornaments

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 23:42 2017 Monday ,16 October

Better Marriages Make

GMT 06:52 2017 Monday ,16 October

Airbus CEO says won't cling to job

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 19:29 2017 Tuesday ,29 August

Yomna: decoration leaved positive effects
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday