Stocks rise on US corporate earnings news

The Philippine Stock Exchange index added 56.14 points or 0.86 percent to close at 6,576.94 Thursday, December 22, with Conglomerates leading the advance while Banks and Miners declined.

Volume improved to 3.77 billion shares worth P6.47 billion as gainers beat losers 97 to 77 with 53 unchanged. “Philippine shares jumped ahead a couple of days before the Christmas break as better-than-feared earnings and strong consumer confidence data pushed U.S. equities to close in the green for a second day,” said Regina Capital Development Corp. Managing Director Luis Limlingan.

Philstocks Financial Assistant Research Manager Claire Alviar said that, “Along with other Asian markets, the local bourse gained following the positive cues from Wall Street.” She added that, “Moreover, foreigners were net buyers, registering an inflow of P166.84 million, boosting the trading session as well.”

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Dividends for beginners: Stress-free investing in stocksBuy stocks that consistently give good dividends so you can earn regularly without doing anything/
Source: rapplerdotcom - 🏆 4. / 86 Read more »

Oil rallies on tight U.S. stocks as winter blast hitsOil prices rose for a fourth straight day with U.S. crude, heating oil and jet fuel stocks seen tight just as a chilly blast hits the United States and travel is set to soar for the holiday season. | Reuters
Source: inquirerdotnet - 🏆 3. / 86 Read more »

Oil prices up as U.S. crude stocks seen falling, dollar easesOil prices rose in early Asian trade on Wednesday as U.S. crude stocks were seen falling last week, while the dollar weakened, making oil less expensive for non-American buyers. Brent crude futures
Source: inquirerdotnet - 🏆 3. / 86 Read more »