News Formal

Stocks extend gains for 5th straight day

  • 📰 PhilstarNews
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 94%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

Stocks extended their advance yesterday as investors continued to scout for bargains and reposition their portfolio following the reconstitution of the main index.

The benchmark Philippine Stock Exchange index or PSEi closed at 6,374.68, up by 110.74 points or 1.77 percent, while the broader All Shares index gained 51.50 points or 1.53 percent to finish at 3,412.38.

Unicapital Securities said the PSEi extended gains as investors continued to bargain hunt below the 6,200 levels and also with the extra liquidity from tendered shares of Metro Pacific Investments Corp. at P28.42 billion, which were likely reallocated to other stocks.D.A. Securities also cited the index’s gains as likely due to bargain hunting and “as funds switched out of MPIC into PSEi’s 30 component stocks.

With inflation still sitting well above the central bank’s target and the labor market showing few signs of softening, decision-makers have warned that more tightening will be needed to achieve their goal. The bank indicated last week another lift could be on the cards before year’s end, while boss Jerome Powell and other policy board members have said they could keep borrowing costs elevated for an extended period, with fewer cuts than hoped in 2024.

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 1. in JP
 

コメントありがとうございます。コメントは審査後に公開されます。

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Stocks sustain gains on stabilizing rice pricesPhilippine stocks sustained their upward momentum Tuesday on the back of easing crude oil costs and stabilizing rice prices. The
ソース: MlaStandard - 🏆 20. / 55 続きを読む »

World’s biggest stocks owner calls out Big Oil as carbon levels go up • BusinessMirrorA senior executive at Norway’s sovereign wealth fund, which owns a larger share of global stocks than any other investor, says Big Oil’s transition strategy isn’t holding up as carbon emissions continue to rise. “The oil and gas industry, as a whole, clearly isn’t doing enough to cut emissions,” said Carine Smith Ihenacho, chief governance
ソース: BusinessMirror - 🏆 19. / 59 続きを読む »

Stocks surge on bargain hunting, window dressingLocal stocks surged Wednesday on continued bargain hunting and quarter-end window dressing. The bellwether Philippine Stock Exchange index jumped 110.74
ソース: MlaStandard - 🏆 20. / 55 続きを読む »