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Stock market up; BDO, Semirara Mining climb

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The stock market gained slightly again Wednesday on thin trading, with eyes on the Fed meeting later in the day, which is followed Thursday by second-quarter economic growth figures. Read more:

The stock market gained slightly again Wednesday on thin trading, with eyes on the Fed meeting later in the day, which is followed Thursday by second-quarter economic growth figures.

PLDT Inc., the biggest telecommunications firm, climbed 1.9 percent to P1,649, but Universal Robina Corp. of the Gokongwei Group, the largest snack food maker, fell 3.4 percent to P110. That was backed up by a profit warning by retail titan Walmart and a closely watched consumer confidence gauge sinking for the third month in a row, while the International Monetary Fund slashed its global growth forecasts.

While equities are enjoying a broadly positive day, there remains a lot of caution about the outlook for markets.

 

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