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 GAZPROM : GAS: Slovakia ready if supplies are cut
<1m ago ENEL : State interested in buying SE stake
2m ago An Enduring Rivalry
3m ago Dollar Squeezes Out Sixth Straight Advance Amid Financial Market Warnings
7m ago ALLIANCE DATA SYSTEMS : Blue Harbour Group Releases Comment on Alliance Data Transaction
7m ago ENERDYNAMIC HYBRID TECHNOLOGIES : EHT Appoints Executives
7m ago BRIGHTPATH EARLY LEARNING : to Open Child Care Centre
9m ago ROYAL DUTCH SHELL A : Buys Shares Back
10m ago CBOE : and C2 Discuss Regulatory Services Agreement with FINRA
10m ago PUMPKIN PATCH : Amazing Acres Farms Taps Indianapolis Colts Punter Pat McAfee for Fall Fun Corn Maze
Latest news
Advertisement
Hot News 
BANKRATE : INVESTOR ALERT: Investigation of Bankrate, Inc. Announced by Glancy Binkow & Goldberg LLP
WUZHOU : River plans for 'golden waterway'
Heineken's snub to SAB revives beer deal speculation
DARDEN RESTAURANTS : Stevia Ships First Commercial Order to Darden Direct Distribution
COLONIAL FINANCIAL SERVICES : SHAREHOLDER ALERT – The Law Offices of Vincent Wong Investigates the Sale of Services, Inc. to Cape Bancorp, Inc.
Most Read News
1d ago GENERAL MOTORS : Exclusive: U.S. safety chief raps GM's 'flawed' culture on recalls
1d ago APPLE : releases tool to remove free U2 album
1d ago Orange strikes 3.4 billion euros deal to buy Spain's Jazztel
1d ago Germany's ZF to take over TRW Automotive for $13.5 billion
1d ago CONVERSANT : SHAREHOLDER ALERT: Brower Piven Announces Investigation Of Conversant, Inc. In Connection With The Proposed Sale Of The Company To Alliance Data Systems Corporation
Most recommended articles
2m ago Dollar Squeezes Out Sixth Straight Advance Amid Financial Market Warnings
17m ago BLACKSTONE : seeks to raise $16 billion for its latest fund - WSJ
28m ago Pound May Pay Little Heed to UK CPI with Scotland Vote in Focus
38m ago China August FDI falls to lowest in at least 2-1/2 years
1d ago China August FDI falls to lowest in at least two-and-a-half years
Dynamic quotes  
ON
| OFF