PH stocks climb on last-minute buying, higher corporate income

Despite trading in the red for most part of the day, the benchmark Philippine Stock Exchange index picked up 40.26 points, or 0.56 percent, to close at 7,280.24.The broader all-shares index also climbed 19.27 points, or 0.48 percent, to end at 3,996.58.

Net value turnover at the stock market reached P5.12 billion, lower than the year-to-date average of P5.17 billion. Foreigners were net sellers, with net outflows amounting to P600.04 million. The surge in the price of bitcoin is seen as a bet on a Republican victory, as Donald Trump has emerged as the pro-crypto candidate.

Oil prices rebounded slightly after falling sharply earlier in the week as fears of an escalation in the Middle East eased after Israel’s strikes on Iran avoided the country’s energy infrastructure. Tokyo was virtually the sole advancer, closing one percent higher as the Nikkei continued its run-up on the yen’s weakness and tech gains. Manila was the only other market in the green.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

PH share prices climb on positive earnings resultsPhilippine stocks opened the shortened trading week in the green amid positive third-quarter earnings of major companies. The bellwether Philippine Stock
Source: MlaStandard - 🏆 20. / 55 Read more »

PH stocks, peso climb on positive cues from US equities marketPhilippine stocks ended the week in the green on positive cues from the US equities market amid encouraging economic data. The Philippine Stock Exchange
Source: MlaStandard - 🏆 20. / 55 Read more »

Peso weakens, stock market up ahead of policy meetingTHE peso fell against the dollar to start the week, but the stock market snapped a four-day decline as investors awaited fresh economic data and the results of this Wednesday's Bangko Sentral ng Pilipinas (BSP) policy meeting.
Source: TheManilaTimes - 🏆 2. / 92 Read more »

Continued peso decline weighs on stock marketTHE peso again fell versus the dollar on Tuesday, limiting gains at the stock market as investors continued to await fresh corporate earnings results.
Source: TheManilaTimes - 🏆 2. / 92 Read more »

Peso weakens anew, stock market also drops as fears riseTHE peso continued to fall on Tuesday and the stock market retreated slightly from an over four-year high, with sentiment said to have weakened due to fears of a wider war in the Middle East and the reduced likelihood of another jumbo US Federal Reserve rate cut.
Source: TheManilaTimes - 🏆 2. / 92 Read more »