PH stocks recover, close above 6,000 on stronger peso

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International Container Terminal Services Inc. rose 2.48 percent to P404.80. The share price of AREIT declined 4.17 percent to P37.95, after Ayala Land Inc. reported Tuesday it sold 75 million common shares in AREIT via an overnight placement at P37 apiece. The remarks, reported by state news agency Xinhua on Monday, represented a move away from their previous “prudent” approach, sparking hopes for more rate cuts and the freeing-up of more cash for lending.

Data on Tuesday showing November exports grew less than forecast and imports unexpectedly fell reinforced the need for more help for the economy. However, Hong Kong ended down and Shanghai gave up most of its gains by the end of the day, with analysts remaining cautious after a string of previous announcements fell short of expectations or lacked detail.

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PH stocks plummet,peso rises to 58.71/dollarPhilippine stocks fell by more than 100 points Wednesday, while the peso bounced back after hitting the record low on Tuesday. The bellwether Philippine
منبع: MlaStandard - 🏆 20. / 55 ادامه مطلب »

Philippine Stock Market Drops Amid Trump's Comments on ImportsPhilippine stock market fell Tuesday due to investor concerns over US president-elect Donald Trump's comments on increasing tariffs on imports from Mexico, Canada, and China. The peso also hit a low against the US dollar.
منبع: MlaStandard - 🏆 20. / 55 ادامه مطلب »