Stocks bounce on strong corporate earnings

  • 📰 manilabulletin
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

مصر أخبار أخبار

مصر أحدث الأخبار,مصر عناوين

The PSEi bounced on strong corporate earnings reports and managed to recover most of the previous day’s loss due the knee jerk reaction to the US rating downgrade.

The benchmark jumped by 93.48 points or 1.44 percent to close at 6,576.76 as the Property sector rallied to lead the advance although the Mining and Oil counter remained in the red. Volume was thinner though at 1.2 billion shares worth P3.95 billion as gainers beat losers 99 to 81 with 50 unchanged.

He added that, “Back home, investors brushed off the possible implication of Fitch's surprise US sovereign credit downgrade on the health of the global economy, by looking forward to the upcoming July CPI and more earnings arriving in the coming days.“ “Additionally, China’s Caixin services purchasing managers index which came in at 54.1, above expectations, was cheered by many, spurring optimism with respect to the country’s economic recovery,” he noted.

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 25. in EG
 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Stocks halt slide, ends flatThe local stock market stopped sliding and ended almost flat on the first day of August 1 as investors wait for more cues from upcoming economic and earnings reports.
مصدر: manilabulletin - 🏆 25. / 51 اقرأ أكثر »

Stocks plunge after US debt rating downgradeThe local stock market fell together with most global bourses after Fitch downgraded its US credit rating.
مصدر: manilabulletin - 🏆 25. / 51 اقرأ أكثر »

Stocks halt slide, ends flatThe local stock market stopped sliding and ended almost flat on the first day of August 1 as investors wait for more cues from upcoming economic and earnings reports.
مصدر: manilabulletin - 🏆 25. / 51 اقرأ أكثر »