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The bulls are loose at the Philippine Stock Market as stock prices continued to climb rapidly. The market outdid itself and the PSEi gained another 118.93 points to close 4.81% higher at 2,589.17, topping last Friday’s gain of 99.95 points. The PSEi has now gained over 23% since the start of the year. Foreign funds are snapping up local shares as Philippine companies have started announcing impressive first quarter results in the midst of an oil price crisis. Value turnover was huge with Php 5.3 billion worth of stock exchanging hands. Gainers decimated losers 69 to 38 while 52 shares were unchanged. Analysts believe that the market is currently at overbought levels but there is no end in sight for the buying spree. Analysts are expecting a correction anytime soon as investors seek to cash in their profits. However, the Philippines’ improving economy as well as other positive developments in fiscal policy are expected to prop up the local equities market in the near term.

Share prices at the Philippine Stock Market climbed for the fourth straight day to close at its highest level since the past 1 year. The Phisix or PSEi gained another 13.14 points to close at 2,163.31. Value turnover was relatively strong with Php 1 billion worth of stock exchanging hands. Gainers outpointed losers 41 to 32 with 52 stocks unchanged. The country's improving fiscal health boosted the market as the Philippine government announced it has achieved a lower budget deficit of Php 40.4 billion for the past 2 months. It has projected a budget deficit of 48.1 billion for the period. Banking stocks also received positive news as the government decided to extend the law that allows banks to sell their non performing loans tax-free. However, the market is expected to take a breather as it has continuously been on the rise for the past few days.

Share prices at the Philippine Stock Market continued its steady climb, closing 0.84% higher by gaining 17.95 points to end trading at 2,148.32. It was the highest closing for the Phisix since February 2, when it closed at 2,159.37 . Value turnover surged with over Php 1.7 billion worth of stock exchanging hands as investors became upbeat about the country's market outlook after Philippine president Gloria Macapagal Arroyo lifted the nationwide state of emeregency. Gainers outnumbered losers 48 to 23 while 52 stocks were unchanged. SM Prime Holdings (Stock Code : SMPH) accounted for almost half of the day's trading and closed up 1.27% at Php 8 per share. The stock market is expected to rise gradually this week as the political noise subsides.

Share prices at the Philippine Stock Market closed sharply higher as investors took positively to the resolution of the military stand-off last weekend and expectations that the state of emergency declared by Philippine president Gloria Macapagal Arroyo will be lifted within the week. The Phisix rose 1.6%, breaking the psychological barrier of 2100 by gaining 33.60 points to close at 2,122.96. Investors were back in the market in a big way as value turnover was very strong with almost Php 2 billion worth of stock exchanging hands. Gainers continued to swamp losers 78 to 13 with only 37 stocks unmoved. Bargain hunting was the theme of the day at the stock market as investors discounted the lingering political disturbances and is optimistic that the Philippine government will lift the state of emergency by Saturday of this week.

Share prices at the Philippine Stock Market rose across the board as it discounted the drama that engulfed the Philippine military over the weekend. The Phisix closed 0.94% higher as it gained 19.43 points to close at 2,089.36. Value turnover was relatively strong with Php 1.1 billion worth of stock exchanging hands, indicating the return of investors to the market. Gainers swamped losers 60 to 16 while 36 stocks remain unchanged. The market continues to be cautious of political developments even as strong performances of publicly listed companies continue to provide support. The Philippines is currently under a state of emergency as the government tries to stave off destabilizers to the political environment.