PSEi bounces back; all sectors in green
The Philippine stock index bounced back on Tuesday, gaining by 107.67 points, or 1.48 percent, to close at 7,380.32 level.
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The Philippine stock index bounced back on Tuesday, gaining by 107.67 points, or 1.48 percent, to close at 7,380.32 level.
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Profit-taking dragged the PSEi into the red despite remaining in overbought territory, ignoring positive US market momentum.
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Gold prices surged to an all-time high, which he said is driven by escalating tensions in the Middle East and optimism surrounding monetary easing
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A significant drop in weekly jobless claims to 219,000 also bolstered hopes for a U.S. soft landing.
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The local bourse on Friday dropped 1.82 points, or 0.03 percent, to close at 7,022.85, a day after it breached the 7,000 level.
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The Philippine stock market on Monday ended in green, climbing by 48.16 points, or 0.69 percent, to close at 6,984.25.
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China's manufacturing activity contracted sharply in December for the third month in a row, according to official figures released Saturday, despite Beijing's…
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The benchmark Philippine Stock Exchange index is still struggling to recover from a slump, especially after the Federal Reserve kept its aggressive stance in…
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China's export growth slowed significantly in August, customs authorities said Wednesday, as economic uncertainty is exacerbated by strict COVID-19 lockdowns…
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