Stocks end the week higher on US gains

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Indonesia Berita Berita

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The local stock market ended the week on a positive note on the back of gains in US bourses.

The main index rose 30.35 points or 0.42 percent to close at 7,213.46 as the Mining and Oil counter led the advance while the Holding Firms sector was the only one in the red.

“Philippine shares climbed once again, buoyed by upbeat third quarter earnings from major US firms, a retreat from treasury yields, and hints of improvement in the US job market,“ said Regina Capital Development Corp. Managing Director Luis Limlingan.

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