Stocks inch up on weak volume

The main index inched up 10.33 points or 0.14 percent to close at 7,163.21 as the Mining and Oil sector led the advance with only Holding Firms in the red. Volume fell to 1.33 billion shares worth P3.87 billion as gainers outpaced losers 96 to 83 with 56 unchanged.

Data from the Bangko Sentral showed there were more inflows of short-term investments into the Philippines than outflows in Feb. Meanwhile, U.S. equities opened the first trading day of Apr. with gains as investors looked past the miss in the Mar. labor report. Philstocks Financial Senior Supervisor for Research Japhet Tantiangco said “Late day buying sent the local market higher. Helping in Monday’s climb is the anticipated decline in fuel prices which in turn tempers inflation expectations.“

He added that, “Confidence towards our economy’s recovery supported by the S&P Global Philippines Manufacturing PMI for March with a reading of 53.2, also gave sentiment a boost.”

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Stocks to move sideways ahead of inflation data - BusinessWorld OnlineThe benchmark Philippine Stock Exchange index (PSEi) fell by 50.59 points or 0.70% to close at 7,152.88 on Friday, while the broader all shares dropped by 23.24 points or 0.61% to 3,788.59. READ:
Источник: bworldph - 🏆 9. / 68 Прочитайте больше »

Philippine stocks: Gainers, losers, market-moving news – April 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
Источник: rapplerdotcom - 🏆 4. / 86 Прочитайте больше »

Business Mondays with BM: April 4, 2022\nThe Business Mondays with BM is a segment of the BusinessMirror\u2019s Broader Look podcast that tackles the performance of the Philippine stock market.\n
Источник: BusinessMirror - 🏆 19. / 59 Прочитайте больше »

Philippine stocks: Gainers, losers, market-moving news – April 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
Источник: rapplerdotcom - 🏆 4. / 86 Прочитайте больше »

Stocks to move sideways ahead of inflation data - BusinessWorld OnlineThe benchmark Philippine Stock Exchange index (PSEi) fell by 50.59 points or 0.70% to close at 7,152.88 on Friday, while the broader all shares dropped by 23.24 points or 0.61% to 3,788.59. READ:
Источник: bworldph - 🏆 9. / 68 Прочитайте больше »