Stocks up on bargain hunting of blue chips

  • 📰 manilabulletin
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

The local stock market rose as investors start buying stocks seen to do well next year.

The Philippine Stoc k Exchange index gained 44.38 points or 0.62 percent to close at 7,241.99 although only the Banks and Holding Firms counters advanced while the Services sector led decliners.Volume improved but remained thin at 1.28 billion shares worth P6.55 billion as losers beat gainers 97 to 85 as 55 were unchanged.

He noted that, “With daily covid cases one of the lowest, and CPI much better than in the US, investors continued to bargain hunt for names that would continue to outperform for the year ahead.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 25. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asia stocks rise after Wall Street rallyHONG KONG – Asia stocks rose in early Monday trade following a record-smashing lead from Wall Street. In Hong Kong, the Hang Seng Index was up 1.03 percent, while Tokyo’s benchmark Nikkei 225 index rose 1.09 percent. ADVERTISEMENT Friday’s gains on Wall Street, where the broad-based S&P 500 piled on more than 0.9 percent to […]
Source: inquirerdotnet - 🏆 3. / 86 Read more »

Asia stocks rise after Wall Street rallyHONG KONG – Asia stocks rose in early Monday trade following a record-smashing lead from Wall Street. In Hong Kong, the Hang Seng Index was up 1.03 percent, while Tokyo’s benchmark Nikkei 225 index rose 1.09 percent. ADVERTISEMENT Friday’s gains on Wall Street, where the broad-based S&P 500 piled on more than 0.9 percent to […]
Source: inquirerdotnet - 🏆 3. / 86 Read more »