Stocks rise on continued bargain hunting

  • 📰 manilabulletin
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

المملكة العربية السعودية أخبار أخبار

المملكة العربية السعودية أحدث الأخبار,المملكة العربية السعودية عناوين

The PSEi rose back to the 7,000 level as investors continue to cautiously pick up some bargains.

The main index gained 41.63 points or 0.60 percent to close at 7,037.74 with the Mining and Oil counter leading the advance of all sectors. Volume improved to 989 million shares worth P5.2 billion as gainers beat losers 102 to 83 with 46 unchanged.“Philippine shares were bought up as investors continued to keep an eye on surging rates and commodities,” said Regina Capital Development Corporation Managing Director Luis Limlingan.

He noted that, “Macroeconomic data outside the country remained weak, while locally others are making bets ahead of the earnings season.” Good afternoon Sir! Here is our comment for today. Philstocks Financial Senior Supervisor for Research Japhet Tantiangco said “The local bourse climbed further as investors appreciated our February Overseas Filipinos’ cash remittance data which posted a growth of 1.3 percent.”

He added that, “The continuous improvement in our COVID-19 situation with new cases from April 11 to 17 at 1,674, down 12 percent week-on-week as per the Department of Health, also helped in lifting sentiment.”

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 25. in SA

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Inflation, Fed rate to continue weighing down stocksThe local stock market is seen to remain bearish this week as oil prices are rising again while foreign funds continue to exit on expectations of a rate hike in the US.
مصدر: manilabulletin - 🏆 25. / 51 اقرأ أكثر »

Inflation, Fed rate to continue weighing down stocksThe local stock market is seen to remain bearish this week as oil prices are rising again while foreign funds continue to exit on expectations of a rate hike in the US.
مصدر: manilabulletin - 🏆 25. / 51 اقرأ أكثر »