Stocks surge on bargain hunting, window dressing

  • 📰 MlaStandard
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 55%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

Local stocks surged Wednesday on continued bargain hunting and quarter-end window dressing. The bellwether Philippine Stock Exchange index jumped 110.74

Local stocks surged Wednesday on continued bargain hunting and quarter-end window dressing.

The bellwether Philippine Stock Exchange index jumped 110.74 points, or 1.77 percent, to close at 6,374.68, while the broader all-shares index advanced by 51.50 points, or 1.53 percent, to settle at 3,412.88. Philstocks Financial Inc. research analyst Claire Alviar said investors were taking the opportunity to buy shares at bargain levels.

“The market increased despite the possibility of an off-cycle interest rate and the likelihood of a prolonged high interest rate environment,” Alviar said.Tags:

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 20. in FR
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

PH stocks rise on index changes, bargain huntingPhilippine stocks rose Monday on bargain-hunting and window-dressing activities. The 30-company Philippine Stock Exchange index rose 30.05 points, or 0.49
La source: MlaStandard - 🏆 20. / 55 Lire la suite »

Stocks sustain gains on stabilizing rice pricesPhilippine stocks sustained their upward momentum Tuesday on the back of easing crude oil costs and stabilizing rice prices. The
La source: MlaStandard - 🏆 20. / 55 Lire la suite »