Stocks back above 6,500 level

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The local stock market managed to end higher despite early losses on the back of stronger investments and consumer confidence. ManilaBulletin

The main index added 23.71 points or 0.37 percent to close at 6,505.62 as Conglomerates led the advance while Banks and Miners retreated. Volume was thinner at 1.07 billion shares worth P4.39 billion as losers beat gainers 98 to 82 with 61 unchanged.

She added that, “Moreover, the upwardly revised GDP growth projection of the IMF to 6 percent due to strong consumer demand and China’s reopening, gave a boost to the market.”

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