Philippine stocks entered the bull market Monday, rising more than 20 percent from June and sending the benchmark index to its highest level in two and a half years.
The index surged 164.93 points, or 2.27 percent, to close at 7,417.25, the highest since February 2022. The wider all-shares Index reached 3,958.02, up by 62.40 points, or 1.60 percent. Colet said, however, the market is now technically overbought, which could indicate that a technical correction could happen “very soon”.
This will help increase demand for loans/credit which in turn would boost the domestic economy. This also means more funds that could be invested in the financial markets such as bonds and other fixed-income investments.
हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो: