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(UPDATE) RP shares extend gains

... 50 basis points to curb inflation that was running at 11.4 percent as of June.Market heavyweight Philippine Long Distance Telephone Co. jumped P25.00 or 1.0 percent to P2,420.Ayala Land Inc., the country's biggest property developer, rose P0.30 or 3.3 percent to P9.30. The company expects its second-quarter net income to have increased over 40 percent, the same as its profit growth in the...

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Stock Market: Share prices drop after central bank rate hike

... property developer, was the most actively traded stock but it closed lower at P8.50. Telecom giant Philippine Long Distance Telephone Co., which cornered 13.04% of the market, finished stronger at P2,405. George S.K. Ty-led Metropolitan Bank & Trust Co. ended weaker at P30.50. Ayala-led Globe Telecom, Inc. and Ayala Corp. closed higher at P1,105 and P257.50, respectively. — Ruby Anne M....

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RP stocks end higher on Wall St advance, drop in oil

... interest rates makes borrowing for both consumers and companies costlier.Market heavyweight Philippine Long Distance Telephone Co. jumped P20.00 or 0.84 percent to P2,395.00.Ayala Corp. gained P5.00 or 2 percent at P255.00.Metropolitan Bank and Trust Co. went up P0.50 or 1.6 percent to P31.50 while Bank of the Philippine Islands rose P2.00 or 5.4 percent to P39.00.Some interest-rate sensitive...

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RP stocks end higher on bargain-hunting

Stocks ended higher on Monday as investors chased cheap issues, led by power distributor Manila Electric Co. (Meralco).

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PLDT Q2 mobile subs growth exceeds goal

MANILA - Philippine Long Distance Telephone Co (PLDT), Manila bourse's most valuable firm, said on Tuesday it added more than 1.6 million mobile phone subscribers in the second quarter, beating its 1.5 million target.

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PLDT mobile subscribers up by 3M, but slowdown seen

The mobile phone subscriber base of the Philippine Long Distance Telephone Co. (PLDT) Group grew by over 3 million in the first half of the year from 30 million at end-2007.

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RP stocks fall on oil rebound

Stocks closed lower on Friday as investors stayed on the sidelines after oil prices rebounded overnight, fueling worries over high inflation.But bargain-hunting in some issues, led by Manila Electric Co. (Meralco), helped trim the market's losses."We're swimming the same tide as overseas markets, most are down today," said Astro del Castillo of First Grade Holdings."The same suspect--the rebound in...

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RP stocks end four-day rise

... issues unchanged.A total of 1.64 billion shares worth P1.55 billion were traded.Market heavyweight Philippine Long Distance Telephone Co. dropped P35.00 or 1.4 percent to P2,435.00.Ayala Corp., the country's oldest conglomerate, tumbled P10.00 or 3.5 percent to P272.50.Property giants Ayala land Inc. and Megaworld Corp. edged down 2.1 percent to P9.30 and 3.2 percent to P1.22, respectively....

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RP stocks track on Wall St gains, oil drop

... do is enter the market when it's oversold but they also sell quickly," he said.Index heavyweight Philippine Long Distance Telephone Co. jumped P45.00 or 1.9 percent to P2,470.00, tracking overnight gains of its New York-listed American Depositary Receipts.Ayala Corp., the country's oldest and most diversified conglomerate, advanced P7.50 or 2.7 percent to P282.50.Some property and banking...

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Inflation concerns send RP stocks lower

... after several days of declines, buoying several issues to positive territory.Market heavyweight Philippine Long Distance Telephone Co. jumped P5.00 or 0.2 percent to P2,355.00 wihile top conglomerate Ayala Corp. rose P2.50 or 0.98 percent to P257.50.SM Prime Holdings Inc., the mall development arm of tycoon Henry Sy Sr., edged up P0.10 or 1.4 percent to P7.00.

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RP stocks fall 2% after Wall St plunge

... were unchanged.A total of 2.24 billion shares worth P7.2 billion were traded.Market heavyweight Philippine Long Distance Telephone Co. dropped P25.00 or 1.03 percent to P2,395.00.Ayala Corp., the country's biggest conglomerate, plunged P15.00 or 5.5 percent to P260.00 after it announced it was selling roughly a 3-percent stake in unit Globe Telecom Inc. to Singapore Telecommunications Ltd.,...

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RP shares close 0.4 percent higher

... position themselves for window-dressing just after the first half of the year.Index leader Philippine Long Distance Telephone Co. (PLDT) gained 0.2 percent to 2,420 pesos. Conglomerate Ayala Corp. gained 1.8 percent to 275 pesos.San Miguel Corp. saw its A and B shares both stay unchanged at 40.50 pesos.

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RP shares close 1.5 pct higher on bargain-hunting

... but it is the external factors that are really causing these concerns," he added.Index leader Philippine Long Distance Telephone Co. gained 1.7 percent to 2,415 pesos.Philippine National Bank also rose 1.7 percent to 30 pesos.Bank of the Philippine Islands rose 3.44 percent to 45 pesos.San Miguel Corp. saw its A and B shares both stay unchanged at 40.50 pesos.

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Asian stock market summary - Forbes

Asian stock market summary Forbes, NY - 19 hours ago Market leader Philippine Long Distance Telephone Co. led decliners as investors locked in profits from the stock's five-day rally while banks also fell ...

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Stock Market: Stocks dip despite US rebound, oil retreat

Share prices finished lower on Friday as Wall Street’s overnight rebound and retreating in oil prices failed to calm investors worries about rising consumer prices.