+ Follow NEW YORK TUESDAY Tag
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[ArticleID] => 347063
[Title] => Index tumbles 11 pts as market starts to consolidate
[Summary] => Shares fell yesterday as investors took profits after the market’s recent gains. Philippine Long Distance Telephone Co., or PLDT, led the decline. The benchmark 30-company Philippine Stock Exchange Index fell 11.54 points, or 0.5 percent, to 2,231.68, after rising 0.2 percent Tuesday.
"Coming from a low of 2,049.95 on June 28, we’re now up by close to nine percent. So given that, the market was bound to consolidate," said AB Capital Securities analyst Erwin Balita.
[DatePublished] => 2006-07-13 00:00:00
[ColumnID] => 133272
[Focus] => 0
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[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
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[1] => Array
(
[ArticleID] => 341962
[Title] => Index continues to drop as US rate woes persist
[Summary] => Shares slid to 18-week lows yesterday, spooked by the prospect of higher US interest rates, which appears to be causing foreign investors to pull money out of stocks.
The benchmark 30-company Philippine Stock Exchange Index ended below its 2,100-point support with a loss of 53.29 points, or 2.5 percent, to 2,067. It was the lowest finish since Feb. 8, when it closed at 2,060.92. On Tuesday, the index lost 1.8 percent.
[DatePublished] => 2006-06-15 00:00:00
[ColumnID] => 133272
[Focus] => 0
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[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
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[ArticleID] => 333660
[Title] => Index gains 15 pts as oil, fiscal woes ease
[Summary] => Shares advanced yesterday after two sessions of losses on relief over softening world oil prices and government assurances that its fiscal reforms remain on track.
The benchmark 30-company Philippine Stock Exchange Index rose 14.59 points, or 0.7 percent, to end at 2,247.14, after shedding 1.3 percent in the two previous sessions, including Tuesday’s 0.8-percent loss.
"Oil prices weakened slightly, so that kind of relieved pressure on markets worldwide," said Citiseconline investment analyst Mark Alan Canizares.
[DatePublished] => 2006-04-27 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
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[ArticleID] => 314128
[Title] => Market tumbles 22 pts on Wall St losses, weak blue chips
[Summary] => Share prices slipped lower Wednesday for the second straight session, weighed down by Wall Street’s overnight losses, traders said.
The benchmark 30-company Philippine Stock Exchange Index fell 21.28 points, or 1 percent, to 2,067.32, after falling 1.1 percent Tuesday.
Blue chips dominated the sell-off. Bank of the Philippine Islands, the most actively traded stock, shed 1.8 percent to P53.50. Mall operator SM Prime was down 3.6 percent at P8, and Ayala Corp. gave up 0.8 percent to end at P310.
[DatePublished] => 2005-12-29 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
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[4] => Array
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[ArticleID] => 280024
[Title] => Market climbs as investors continue to chase blue chips
[Summary] => Share prices closed 1.81 percent higher yesterday as investors chased blue chips for a fourth consecutive session on the back of the country’s improving economic and fiscal outlook, dealers said.
Dealers said investors have been pushing share prices higher after Fitch Ratings last week upgraded its outlook on the country’s credit ratings and the government’s forecast the economy would grow strongly in the second half.
[DatePublished] => 2005-06-02 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
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[5] => Array
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[ArticleID] => 95963
[Title] => Index surges 57 pts as investors cheer gov’t crackdown
[Summary] => After plunging to a six-month low stocks rallied yesterday as investors gave their vote of confidence on the Arroyo administration’s decisive acts in thwarting a mob rebellion, analysts said.
"The market took positively the demonstration of firmness by President Arroyo in dealing with the rebellion," PCCI Securities and Brokers Corp. research head Gonzalo Bongolan said. "Such decisiveness has long been desired by the market and the investing public."
[DatePublished] => 2001-05-03 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096615
[AuthorName] => Christina Mendez
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
NEW YORK TUESDAY
Array
(
[results] => Array
(
[0] => Array
(
[ArticleID] => 347063
[Title] => Index tumbles 11 pts as market starts to consolidate
[Summary] => Shares fell yesterday as investors took profits after the market’s recent gains. Philippine Long Distance Telephone Co., or PLDT, led the decline. The benchmark 30-company Philippine Stock Exchange Index fell 11.54 points, or 0.5 percent, to 2,231.68, after rising 0.2 percent Tuesday.
"Coming from a low of 2,049.95 on June 28, we’re now up by close to nine percent. So given that, the market was bound to consolidate," said AB Capital Securities analyst Erwin Balita.
[DatePublished] => 2006-07-13 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 341962
[Title] => Index continues to drop as US rate woes persist
[Summary] => Shares slid to 18-week lows yesterday, spooked by the prospect of higher US interest rates, which appears to be causing foreign investors to pull money out of stocks.
The benchmark 30-company Philippine Stock Exchange Index ended below its 2,100-point support with a loss of 53.29 points, or 2.5 percent, to 2,067. It was the lowest finish since Feb. 8, when it closed at 2,060.92. On Tuesday, the index lost 1.8 percent.
[DatePublished] => 2006-06-15 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 333660
[Title] => Index gains 15 pts as oil, fiscal woes ease
[Summary] => Shares advanced yesterday after two sessions of losses on relief over softening world oil prices and government assurances that its fiscal reforms remain on track.
The benchmark 30-company Philippine Stock Exchange Index rose 14.59 points, or 0.7 percent, to end at 2,247.14, after shedding 1.3 percent in the two previous sessions, including Tuesday’s 0.8-percent loss.
"Oil prices weakened slightly, so that kind of relieved pressure on markets worldwide," said Citiseconline investment analyst Mark Alan Canizares.
[DatePublished] => 2006-04-27 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 314128
[Title] => Market tumbles 22 pts on Wall St losses, weak blue chips
[Summary] => Share prices slipped lower Wednesday for the second straight session, weighed down by Wall Street’s overnight losses, traders said.
The benchmark 30-company Philippine Stock Exchange Index fell 21.28 points, or 1 percent, to 2,067.32, after falling 1.1 percent Tuesday.
Blue chips dominated the sell-off. Bank of the Philippine Islands, the most actively traded stock, shed 1.8 percent to P53.50. Mall operator SM Prime was down 3.6 percent at P8, and Ayala Corp. gave up 0.8 percent to end at P310.
[DatePublished] => 2005-12-29 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 280024
[Title] => Market climbs as investors continue to chase blue chips
[Summary] => Share prices closed 1.81 percent higher yesterday as investors chased blue chips for a fourth consecutive session on the back of the country’s improving economic and fiscal outlook, dealers said.
Dealers said investors have been pushing share prices higher after Fitch Ratings last week upgraded its outlook on the country’s credit ratings and the government’s forecast the economy would grow strongly in the second half.
[DatePublished] => 2005-06-02 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 95963
[Title] => Index surges 57 pts as investors cheer gov’t crackdown
[Summary] => After plunging to a six-month low stocks rallied yesterday as investors gave their vote of confidence on the Arroyo administration’s decisive acts in thwarting a mob rebellion, analysts said.
"The market took positively the demonstration of firmness by President Arroyo in dealing with the rebellion," PCCI Securities and Brokers Corp. research head Gonzalo Bongolan said. "Such decisiveness has long been desired by the market and the investing public."
[DatePublished] => 2001-05-03 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096615
[AuthorName] => Christina Mendez
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
abtest
December 29, 2005 - 12:00am
