The main index jumped 119.20 points or 1.93 percent to close at 6,286.77as Conglomerates and the Property sector led the rally. Volume improved to P4.92 billion as gainers beat losers 125 to 58 with 40 unchanged.“Philippine stocks rallied, fueled by a better-than-feared US inflation print, giving investors the idea that the overall prices of goods may be cooling,” said Regina Capital Development Corporation Managing Director Luis Limlingan.
She explained that, “If the US inflation continues to ease, Federal Reserve’s rate hikes may slow down which could positively impact our peso.”
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:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
World stocks slip, await CPI, US midterms outcomeStocks in Europe and on Wall Street fall on Wednesday, November 9, as the outcome of the US midterm elections remains unclear.
Source: rapplerdotcom - 🏆 4. / 86 Read more »
Stocks fall; peso rises to 57.99 a dollarThe PSE index, the 30-company benchmark, dropped 47 points, or 0.8 percent, to close at 6,241.68, as four of the six subsectors declined. READ:
Source: MlaStandard - 🏆 20. / 55 Read more »
Philippine stocks: Gainers, losers, market-moving news – November 2022Bookmark and refresh this page for the latest news and analysis on stock market movers, corporate and financial news, business deals, and the economy in the Philippines
Source: rapplerdotcom - 🏆 4. / 86 Read more »
Hong Kong stocks finish sharply lowerHong Kong stocks closed sharply lower on Thursday following tumbling US and European markets pushed by inconclusive US midterm election results and inflation fears. The Hang Seng Index shed 1.7
Source: inquirerdotnet - 🏆 3. / 86 Read more »