The PSEi inched up 13.11 points or 0.20 percent to close at 6,541.91 as the Mining and Oil sector led the advance although Banks lagged behind. Volume was a bit higher at 489 million shares worth P3.66 billion as losers still outnumbered gainers at 92 to 80 with 48 unchanged.
Philstocks Financial Assistant Research Manager Claire Alviar said “The local bourse gained following the performance of the US markets overnight fueled by the strong Wall Street’s earnings. Asian markets were also mostly in the green.”
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:
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.
European stocks fall on China slowdown | Bloomberg NewsEuropean stocks and oil retreated, while bonds rallied as more evidence pointed to a slowdown in China’s economy. LVMH and Hermes International lost more than 4 percent, leading declines among French luxury stocks and dragging the CAC 40 Index down 1.3 percent. Cartier owner Richemont sank 9 percent after reporting…
Source: BusinessMirror - 🏆 19. / 59 Read more »
US stocks extend rally as bank earnings top estimatesNEW YORK, United States -- Global stocks mostly rose Tuesday, with the Dow index in New York lodging its seventh straight gain, as solid banking earnings helped extend a market rally.
Source: manilabulletin - 🏆 25. / 51 Read more »
Stocks climb, sterling weighed down as UK inflation slowsEuropean stocks and government bonds rallied as good news on UK inflation added to a picture of cooling price pressures globally, although the data slammed the brakes on sterling’s recent winning streak. | Reuters
Source: inquirerdotnet - 🏆 3. / 86 Read more »
GCash launches stock market game to prep users for trading platformNewbie investors can practice trading stocks without the worry of losing money and have a chance of winning as much as P10,000 every week.
Source: rapplerdotcom - 🏆 4. / 86 Read more »
Local business tax on association dues | Atty. Rodel C. UncianoIT is now undisputed that association dues, membership fees, and other charges collected by a condominium corporation from members are not subject to income tax and value added tax. This was the clear ruling by the Supreme Court in the First E-Bank Tower case (GR 215801). In fact, it is…
Source: BusinessMirror - 🏆 19. / 59 Read more »