Member access

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 

MARKET COMMENT : Philippine Shares May Decline; 6600 Support Eyed

02/21/2013 | 08:40pm US/Eastern
Recommend:
0

0124 GMT [Dow Jones] Philippine shares may retreat as some investors take profit following the market's rally to a fresh record high and decline of U.S. stocks Thursday. The main gauge PSEi may head towards 6600 support after advancing 0.3% to record 6667.41 Thursday. Still, improving global growth prospects could limit the market's correction, says Jun Calaycay, a trader with Accord Capital Equities. "Over the recent weeks, global markets have been served a menu of positive leads from the hard numbers of the real economy to those showing levels of consumer, business and investor behavior, perception and preferences. This has resulted in extended runs in equity prices," says Calaycay. Next resistance is tipped at 6700. (rhea.sandique-carlos@dowjones.com)

 
Contact us in Singapore. 65 64154 140; MarketTalk@dowjones.com 
 
 

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Recommend :
0
React to this article
Latest news
Date Title
<1m ago CHINA EASTERN AIRLINES : Quotable
<1m ago CHINA VANKE : Report says capital economic circle runs risk of oversupply
<1m ago NOVARTIS : 'Blockbuster' drug for heart failure on the way
<1m ago GAZPROM : China, Russia start construction of joint-venture natural gas pipeline
<1m ago INDUSTRIAL AND COML BANK OF CHINA : Top State banks' asset quality weakens in H1
1m ago UKRAINIAN EXCHANGE : Monthly Wrap-Up: August, 2014
1m ago CRANEWARE : Issue of Consideration Shares
2m ago Frankfurt court bans Uber taxi services across Germany
2m ago EPL TRANSFER SPECIAL : Hull City and Manchester United Biggest Winners
2m ago METSO : Nomination Board consist of representatives of Cevian Capital, Solidium, Varma and Ilmarinen
Latest news
Advertisement
Hot News 
CAPITAL GEARING : Net Asset Values
CRANEWARE : Issue of Consideration Shares
FINTECH : announces new CEO and designated Chairman (DGAP News)
NOVARTIS : to unveil new data from three key clinical trials at European Respiratory Society International Congress 2014
JOHNSON SERVICE : Beats Expectations On Textile Rental Strength
Most Read News
1d ago FORMFACTOR : Raises Third Quarter Guidance Range
1d ago STUART OLSON : announces sale of Broda Construction
1d ago MEDICINOVA : to Present Data on MN-001 (tipelukast) for the Treatment of Idiopathic Pulmonary Fibrosis (IPF) During the 18th International Colloquium on Lung and Airway Fibrosis (ICLAF)
1d ago EXELIXIS : Announces Results from the COMET-1 Phase 3 Pivotal Trial of Cabozantinib in Men with Metastatic Castration-Resistant Prostate Cancer
3h ago MANCHESTER UNITED : Van Gaal Speaks on Di Maria Injury
Most recommended articles
1d agoDJZambia Copper Miners Say Crippled by Unpaid $600 Million Tax Refund-Mines Body
4d ago S&P 500 edges up to set new record; best month since Feb
1m ago Frankfurt court bans Uber taxi services across Germany
4m agoDJSpain's Jobless Claims Rises in August For First Time in Six Months
7m agoDJU.S. Dollar Surges Against Euro, Yen
Dynamic quotes  
ON
| OFF