Philippine stocks extend gains for third day

The 30-company Philippine Stock Exchange index rose 10.32 points, or 0.17 percent, to close at 6,225 on Tuesday, while the broader all-shares index inched up 3.7 points to settle at 3,360.14.

Rizal Commercial Banking Corp. chief economist Michael Ricafort said the market welcomed the government’s implementation of a temporary price ceiling on rice which took effect Tuesday, as this would curb inflationary pressures. Investors also cheered the recent stimulus measures implemented by China to boost its fragile economy.

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SEC: Local stock market to get boost from short sellingThe Securities and Exchange Commission (SEC) on Monday said it is banking on the potential of short selling to boost trading activity in the country’s equities market. “We are pushing to align the short selling environment with the major Asian markets, which has the potential to promote liquidity, stabilize the…
Fonte: BusinessMirror - 🏆 19. / 59 Consulte Mais informação »