Philippines stocks rise as positive mood flows

  • 📰 PhilstarNews
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 94%

Business News News

The local stock market continued its rally for the third straight day as investor sentiment was boosted by favorable trade and unemployment data.

The benchmark Philippine Stock Exchange index finished at 6,155.03, up by 23.71 points or 0.39 percent while the broader All Shares index gained 7.17 points or 0.22 percent.MANILA, Philippines —

Total value turnover reached P3.8 billion. Market breadth was positive, with 90 advancers versus 75 decliners, and 50 issues were unchanged. Asian shares mostly declined in muted trading yesterday as attention focused on prospects for improved China-US relations from meetings next week on the sidelines of a Pacific Rim summit.

US Treasury Secretary Janet Yellen is set to meet Thursday and Friday with Chinese Vice Premier He Lifeng in San Francisco before finance ministers of the APEC member nations officially kick off the summit Saturday. The country’s farm production declined by 0.3 percent in the third quarter, as the crops and fisheries sectors recorded...

 

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:

 /  🏆 1. in BUSİNESS

Business Business Latest News, Business Business Headlines