News Formal

Philippine Stocks Surge for Second Day, Closing Above 6,600

  • 📰 MlaStandard
  • ⏱ Reading Time:
  • 16 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 55%

Business Notícia

Philippine Stock Exchange,Psei,Economy

The Philippine Stock Exchange index (PSEi) rose for the second consecutive day, closing above 6,600 for the first time since the pandemic, driven by bargain-hunting and positive manufacturing data. All sectors contributed to the growth, with financials leading the charge. Despite a recent downward correction in US stock markets, the PSEi has shown resilience, gaining 1.1 percent in the first week of 2025.

Philippine stocks rose for the second straight day to close above 6,600 level on continued bargain-hunting.

Value turnover remained anemic at P3.6 billion as fund managers are still on extended holiday. Advancers edged out decliners, 126 to 84, while 46 names were unchanged. Asian markets also gained Friday, bucking retreats on Wall Street as the dollar advanced and markets reopened following the New Year’s holiday.

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 20. in PT
 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

PH stocks rebound on bargain-hunting as BSP hints of another rate cut in 2025Philippine stocks ended the week in the green, after a seven-day losing streak on bargain hunting. The benchmark Philippine Stock Exchange index (PSEi)
Fonte: MlaStandard - 🏆 20. / 55 Consulte Mais informação »

Philippine Stocks Rise as Peso Falls on First Trading Day of 2025Philippine stocks opened 2025 with a slight gain, while the peso weakened against the US dollar on Thursday. Trading volumes were low as many investors remained on holiday break. President of the Philippine Stock Exchange expressed optimism about the market's performance for the year.
Fonte: MlaStandard - 🏆 20. / 55 Consulte Mais informação »

Philippine Stocks Rise, Peso Falls on First Trading Day of 2025Philippine stocks edged up on the first trading day of 2025, while the peso weakened against the US dollar. Trading was thin as many investors remained on holiday break.
Fonte: MlaStandard - 🏆 20. / 55 Consulte Mais informação »

Philippine Stocks Drop on Heavy Foreign Selling Ahead of Central Bank MeetingsThe Philippine stock market continued its downward trend, influenced by regional declines and heavy foreign selling, particularly before the US Federal Reserve's policy meeting. The Philippine Stock Exchange index fell 0.50 percent, while the peso weakened against the US dollar. Analysts attributed the decline to foreign investors re-allocating funds and anticipating potential policy rate cuts by the Bangko Sentral ng Pilipinas.
Fonte: MlaStandard - 🏆 20. / 55 Consulte Mais informação »

Philippine Stocks Surge in 2024Sixty percent of the Philippine Stock Exchange index saw significant gains in 2024, with several companies experiencing double-digit growth. Converge ICT Solutions, International Container Terminal Services, and Metropolitan Bank and Trust Company were among the top performers.
Fonte: TheManilaTimes - 🏆 2. / 92 Consulte Mais informação »