+ Follow MIKE ORDINANZA Tag
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[Title] => Share prices drop after interest rate hike
[Summary] => The Philippine stock index completed its worst weekly decline in one and a half months after the central bank unexpectedly raised its benchmark interest rate to curb inflation.
Ayala Land Inc. and Philippine Long Distance Telephone Co. (PLDT) fell on concern rising lending costs will dent consumer spending and economic growth.
[DatePublished] => 2005-10-22 00:00:00
[ColumnID] => 133272
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[Title] => Market edges up on technical buying of PLDT
[Summary] => Share prices rose 0.4 percent yesterday on technical buying of Philippine Long Distance Telephone Co. (PLDT) after it fell to an eight-year low, brokers said.
The dominant carrier "went down to an eight-year low of P550 last week. Now it’s gone up to P565," said Mike Ordinanza of PCI Capital Corp.
The Philippine Stock Exchange composite index added 4.96 points to close at 1,311.13.
The presence of some institutional buyers indicate some fundamental positioning in PLDT, said Martin Enrile, an analyst for ATR Kim Eng Securities Inc.
[DatePublished] => 2001-08-21 00:00:00
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MIKE ORDINANZA
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[ArticleID] => 303026
[Title] => Share prices drop after interest rate hike
[Summary] => The Philippine stock index completed its worst weekly decline in one and a half months after the central bank unexpectedly raised its benchmark interest rate to curb inflation.
Ayala Land Inc. and Philippine Long Distance Telephone Co. (PLDT) fell on concern rising lending costs will dent consumer spending and economic growth.
[DatePublished] => 2005-10-22 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
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[ArticleID] => 130860
[Title] => Market edges up on technical buying of PLDT
[Summary] => Share prices rose 0.4 percent yesterday on technical buying of Philippine Long Distance Telephone Co. (PLDT) after it fell to an eight-year low, brokers said.
The dominant carrier "went down to an eight-year low of P550 last week. Now it’s gone up to P565," said Mike Ordinanza of PCI Capital Corp.
The Philippine Stock Exchange composite index added 4.96 points to close at 1,311.13.
The presence of some institutional buyers indicate some fundamental positioning in PLDT, said Martin Enrile, an analyst for ATR Kim Eng Securities Inc.
[DatePublished] => 2001-08-21 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
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abtest
October 22, 2005 - 12:00am
August 21, 2001 - 12:00am
