Thursday, January 3, 2013

PSE Reaches Early Record High for 2013

The local equities market rose to another record high following the statement of BSP Governor Amando Tetangco that interest rates will be kept low this year.

The PSEi closed at 73.06 points higher or +1.25% to 5,934.05 (5,960/5861 Hi/Lo). All sectoral indices ended higher, led by the mining and oil (+1.66%), property (+1.33%) and industrial (+1.13%) sectors.

Market breadth was positive with advances outnumbering declines 121 to 47 with 43 stocks unchanged. Value turnover reached Php7.53 billion (vs 2012 full year daily average of Php7.09 billion).

According to National Treasurer Rosalia De Leon, the Aquino administration is looking to borrow US$750 million to US$1 billion from the foreign commercial debt market this year with fund-raising activities to begin after January.

Monday, December 31, 2012

Pepsi Sponsors Beyonce Contest For Super Bowl

Would you want to join Beyonce on the field this coming Super Bowl 2013?

If so, then you should check out Pepsi's Halftime Contest where you can get the chance to be among the 100 fans who will introduce Grammy award winner, Beyonce as she takes the stage for the half-time show at the Super Bowl this year.

The contest requires photo entries from hopeful fans showing them in various poses. Among them, 50 lucky contestants will be chosen and their pictures will be featured in a TV ad before the half-time performance.

Saturday, December 15, 2012

Profit Taking Continues in PSE

The local equities market dragged as investors continued to take profits from the recent all-time highs. The PSEi lost 80.84 points, or -1.40%, to close at 5,707.11.

All sectoral indices ended in the red led by property which lost 1.61%, holding firms which lost 1.45% and financials which lost 1.38%.

Index declines were led by SM (-1.92%) and ALI(-3.09%). Market breadth was negative with declines outnumbering advances 106 to 71 with 34 stocks unchanged. Value turnover was at Php 12.77 billion.

Monday, December 10, 2012

Josh Brent Investigated For Jerry Brown Death

Josh Brent of the Dallas Cowboys will be investigated for intoxicated manslaughter after he met a car accident that resulted to the untimely death of teammate Jerry Brown. If found guilty, Brent could face up to 20 years jail time.

Brent was behind the wheel driving along a local State Highway in Cincinnati when the car hit the outside curb and flipped and skidded to the middle of the service road. The accident happened at around 2:30 AM.

When police arrived, Brent was seen trying to pull Brown from the car who was already in flames. The authorities conducted a field-sobriety test on Brent and took him to custody afterwards.