News Formal

PH stocks slump on rising oil prices, peso rebounds

  • 📰 MlaStandard
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 55%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Philippine stocks declined for a second straight trading, even as Wall Street and Asian stocks rose, on concerns about rising oil prices due to renewed

tension between Russia and Ukraine.

Trading was tepid, with net value turnover registering P3.11 billion, below the year-to-date average of P5.17 billion.Among the indices, only the mining and oil closed with gains, up 0.07 percent. The gains in equities followed a retreat in most regional bourses Thursday after a forecast-topping earnings report from chip titan Nvidia still fell short of investors’ hopes and sparked worries that a tech-fueled surge in markets may have run its course.

“If we look out over the next year or so, it feels to me like rates will end up a fair bit lower than where they are today,” he said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 20. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

PH stocks decline, track Wall Street on interest rate concernsPhilippine stocks declined Wednesday amid negative market sentiment overseas as concerns about less aggressive rate cut by the United States Federal
Source: MlaStandard - 🏆 20. / 55 Read more »

PH share prices climb on positive earnings resultsPhilippine stocks opened the shortened trading week in the green amid positive third-quarter earnings of major companies. The bellwether Philippine Stock
Source: MlaStandard - 🏆 20. / 55 Read more »