The main index added 23.71 points or 0.37 percent to close at 6,505.62 as Conglomerates led the advance while Banks and Miners retreated. Volume was thinner at 1.07 billion shares worth P4.39 billion as losers beat gainers 98 to 82 with 61 unchanged.
She added that, “Moreover, the upwardly revised GDP growth projection of the IMF to 6 percent due to strong consumer demand and China’s reopening, gave a boost to the market.”
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Asia stocks on edge for earnings, China dataAsian stocks opened cautiously on Monday as U.S. earnings season gets into full swing, while a raft of Chinese data will offer insight into how the world’s second-largest economy is recovering. | Reuters
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Stock-Market-Outlook | VG CabuagLast week Share prices slightly went down last week as investors adopted a cautious stance ahead of the policy actions of the United States Federal Reserve and the Monetary Board of the Bangko Sentral ng Pilipinas (BSP) later this month. The benchmark Philippine Stock Exchange index fell 6.60 points to… Wfh always provide the cut of expenses, that they done during pandemic and now they unable to do it.
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