Stocks up slight on some bargain hunting

The main index was up 14.79 points or 0.25 percent to close at 5,847.37 with sectoral indices evenly mixed. Volume improved to 906 million shares worth P4.22 billion as losers outnumbered gainers 93 to 84 with 42 unchanged.“Philippine shares closed moderately higher after being sold down yesterday as investors weighed comments from JPMorgan CEO Jamie Dimon, who warned that the U.S.

He added that, “The market moves also came in as investors remained cautious ahead of the September Producer Price Index data comes Wednesday and Consumer Price report is scheduled for Thursday.“ Philstocks Financial Assistant Research Manager Claire Alviar said “The local bourse managed to stay in the green amid bargain hunting after the three straight days of decline. However, market participation remains weak. This is amid heightening concerns over global growth while investors await the inflation rate in the US.”

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