Sign up | Log in



Home>>Daily News>>Philippines>>Economy >>Philippine shares trade flat on lack of catalysts
NEWS UPDATES Asean Affairs   January 29, 2019  

Philippine shares trade flat on lack of catalysts


Philippine share prices closed nearly unchanged on Monday, albeit still in the green, on lack of positive developments on the local scene.

The benchmark PSEi gained 0.72 point or 0.01 percent to close at 8,053.92. The broader All Shares advanced by 2.76 points or 0.06 percent to 4,856.38.

Regina Capital Development Corp. head of sales Luis Limlingan said the market was flat given the absence of local catalysts.

“Philippine investors started the week on a rather neutral note as markets breathed a sigh of relief as the US government re-opened, and as the big names abroad gear up for corporate earnings,” he explained.

According to a report by Reuters, US President Donald Trump on Friday afternoon said he reached a deal with Congress to end the partial shutdown and restore government funding for three weeks, while talks continue regarding the wall on the US-Mexico border.

The bombing of a church in Jolo over the weekend has “minimal effect if ever” on the market, Limlingan said.

Twin blasts rocked the Mount Carmel Cathedral in Jolo on Sunday while the 8 a.m. mass was ongoing,  killing at least 20 individuals and injuring nearly 100 people.

Limlingan said the market will be awaiting the release of the latest Federal Open Market Committee’s meeting minutes.

Foreign funds bought P6.234 billion of shares during the session and sold P3.962 billion for a net buying position of P2.271 billion.

More than 1.682 billion shares, valued at P9.130 billion, changed hands. Decliners led advancers, 108 to 102, and 44 issues were unchanged. —

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

  Today's  Stories                     January 29, 2019
• Govt told to relax property ownership for foreigners to boost growth
• Pernia says PHL on track to achieve upper middle income status in 2019 Subcribe: Asean Affairs Global Magazine
• Industry associations welcome eased export policy Subsribe Now !
• Foreign investors pour more money into food processing and drinks industry
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Philippine shares trade flat on lack of catalysts
Asean Stock Watch  November 1,  2018

• Asean Stock Watch-November 1, 2018
Asean Analysis                June 15,  2018
• Asean Analysis June  11, 2018
Inflation may yet peak —Diokno
Advertise Your Brand

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2020 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand