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Stocks stay in decline due to profit-taking


Stocks extended their losses to a third straight session, with the main benchmark index dropping 115.58 points, or 1.73 percent, to 6,557.89 on continued profit-taking. But analysts noted that a bottom might soon be approaching.

Posted: June 5th, 2013 in Latest Business Stories | Read More »

PH stock index tests 6,900 before succumbing to profit-taking

Source: pse.com.ph

The local stocks index soared to new heights, breaching 6,900 on Monday but gave up hefty intra-day gains at close as profit-taking dominated the afternoon session.

Posted: April 1st, 2013 in Latest Business Stories | Read More »

Peso drops as investors pocket gains and BSP curbs appreciation


The peso fell on Wednesday in what market players attributed partly to profit-taking by investors and efforts by the central bank to curb the local currency’s appreciation.

Posted: January 16th, 2013 in Latest Business Stories,Photos & Videos | Read More »

Peso weakens as investors resort to profit-taking


The peso fell on the first trading day of the week as investors sold some of their portfolio assets to generate gains from the local currency’s rise last week.

Posted: January 14th, 2013 in Latest Business Stories | Read More »

Philippine stocks fall anew due to further profit-taking

Photo from pse.com.ph

Local stocks succumbed to further profit-taking on Tuesday, bringing the index below the 5,400 mark.

Posted: October 9th, 2012 in Latest Business Stories | Read More »

Oil price down in Asia on profit-taking

Oil was down in Asian trade Thursday with traders reaping profits after prices jumped more than one percent overnight, analysts said.

Posted: February 16th, 2012 in Latest Business Stories | Read More »

Oil lower in Asia on profit-taking

Oil prices slid in Asian trade Wednesday as traders took profit from recent gains, with weak US energy demand dampening the market’s mood despite concerns over tension in Iran and Nigeria, analysts said.

Posted: January 11th, 2012 in Latest Business Stories | Read More »



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