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+ Follow ITS CLASS B Tag
ITS CLASS B
Array
(
    [results] => Array
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            [0] => Array
                (
                    [ArticleID] => 391599
                    [Title] => Index tumbles on lack of positive developments
                    [Summary] => 


Share prices closed 0.63 percent lower yesterday as cautious investors locked in profits while waiting for a fresh positive lead, dealers said. 


The composite index finished 20.01 points lower at 3,150.04 after trading between 3,146.25 and 3,181.40. The broader all-share index fell 8.64 points or 0.42 percent to 2,029.45.

Gains and declines were even at 55 each, with 40 stocks unchanged

Turnover was 6.58 billion shares worth P2.88 billion.
[DatePublished] => 2007-03-27 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 390582 [Title] => Index ends flat as traders wait for market to stabilize [Summary] => Share prices were barely changed yesterday as investors waited for stock prices to stabilize after last week’s swings.

The benchmark 30-company Philippine Stock Exchange Index dropped 2.07 points, or 0.07 percent, at 3,039.31, adding to Monday’s 0.7 percent loss.

"This is a market where most institutional investors are on the sidelines," said AB Capital Securities Research Director Jose Vistan.

He said cautious investors wanted to see the prices stabilize before returning to the market.
[DatePublished] => 2007-03-21 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 375069 [Title] => Index drops as market remains in consolidation phase [Summary] => Share prices closed flat yesterday as investors awaited the Bangko Sentral ng Pilipinas’ (BSP) interest rate decision later in the day, dealers said.

The composite index slipped 2.59 points to 2,833.27, after moving between 2,824.07 and 2,839.17.

The broader all-share index fell 2.76 points to 1,766.59.

Losers were slightly ahead of gainers 49 to 48, while 69 stocks ended unchanged.

A total of 1.68 billion shares worth P4.1 billion changed hands.
[DatePublished] => 2006-12-15 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [3] => Array ( [ArticleID] => 356771 [Title] => Strong blue chips continue to boost market [Summary] => Share prices closed 0.15 percent higher yesterday as support for the conglomerates pushed the market to its best levels since May before profit-taking trimmed the gains, dealers said.

They said investors turned cautious after the index hit the resistance level of 2,400 points.

The composite index was up 3.64 points at 2,396.20, its highest close since May 17 when it ended at 2,463.57. The index moved between 2,384.90 and 2,401.55.

Volume was 3.37 billion shares worth P1.84 billion.

The broader all-shares index rose 1.06 points to 1,482.59.
[DatePublished] => 2006-09-07 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [4] => Array ( [ArticleID] => 355526 [Title] => Market ends lower as profit-taking hits PLDT [Summary] => Share prices closed 0.26 percent lower yesterday in mixed trading as profit-taking hit blue-chip Philippine Long Distance Telephone Co. (PLDT), dealers said.

However, Equitable PCI Bank and Banco de Oro Universal Bank rose sharply as investors bet on a possible merger, they added.

The Philippine Stock Exchange composite index finished down 5.91 points at 2,296.78 after moving between 2,291.69 and 2,310.99. There were 1.56 billion shares traded worth P1.31 billion.

The broader all-shares index rose 3.28 points to 1,434.03.
[DatePublished] => 2006-08-31 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => Array ( [ArticleID] => 348311 [Title] => Market tumbles on weak copper, gold prices [Summary] => Stocks fell for the third time in four days yesterday as Philex Mining Corp. and Lepanto Consolidated Mining Co., two of the country’s biggest metal producers, slid after copper and gold prices declined.

"Mining companies are very sensitive to metal prices," said Jovis Vistan, head of research at AB Capital Securities in Manila. "I don’t think the decline in metal prices is permanent.’’
[DatePublished] => 2006-07-20 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [6] => Array ( [ArticleID] => 345302 [Title] => Market extends gains on positive investor sentiment [Summary] => Share prices closed 0.74 percent higher yesterday, extending gains to a third day on hopes the US Federal Reserve will soon call a halt to its rate hike cycle, dealers said.

They said sentiment was much more positive after a gain of 4.52 percent Friday following the latest Fed statement on the economy was taken to mean US interest rates had peaked, or were near to peaking out.
[DatePublished] => 2006-07-04 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [7] => Array ( [ArticleID] => 332295 [Title] => Market drifts listlessly in cautious trading [Summary] => Share prices closed flat yesterday after a listless session marked by profit-taking in overbought stocks, dealers said.

After opening higher following Wall Street’s rally overnight, activity eased off as investors exercised caution with crude oil prices hovering at record levels and looking to go higher still on concerns about Iran’s nuclear program.

The composite index was down 1.99 points to 2,223.73 after trading between 2,218.46 and 2,233.29. Volume was 6.359 billion shares worth P1.520 billion.
[DatePublished] => 2006-04-20 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [8] => Array ( [ArticleID] => 332129 [Title] => Profit-taking, rising oil prices drag down market [Summary] => Share prices closed 0.16 percent lower yesterday on profit-taking in the face of rising oil prices, dealers said. However, continued gains in mining stocks trimmed the market’s losses as metal prices rose to fresh multi-year highs overnight.

The composite index ended down 3.64 points at 2,225.72 after trading between 2,222.02 and 2,235.91.

The broader all-shares index retreated 3.71 points to 1,365.74.

Losers led gainers 71 to 34, with 52 stocks unchanged.

Volume was 11.269 billion shares worth P2.204 billion.
[DatePublished] => 2006-04-19 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [9] => Array ( [ArticleID] => 329716 [Title] => Index declines as market enters consolidation phase [Summary] => Share prices closed 0.28 percent lower yesterday, continuing to slip back as investors took profits on recent gains, dealers said.

They said the market has entered a consolidation phase, with investors adjusting positions ahead of the Easter holiday break next week.

The composite index shed 6.18 points to 2,189.77 after trading between 2,189.22 and 2,197.27. Volume was 1.13 billion shares worth P939.57 million. Losers beat gainers 55 to 23, with 62 stocks unchanged.

The all-shares index fell 1.65 points to 1,069.36.
[DatePublished] => 2006-04-04 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
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