Stocks end week of daily losses

The main index shed 11.36 points or 0.18 percent to close at 6,393.55 although sectoral indices were evenly split. Volume fell to 537 million shares worth P3.32 billion as gainers outpaced losers 103 to 89 with 41 unchanged.

“Philippine shares were sold on news as investors digested further the implications of the recent statements of the Fed,” said Regina Capital Development Corporation Managing Director Luis Limlingan.Philstocks Financial Research Manager Japhet Tantiangco said “The local market extended its losses to a fifth straight day as investors continue to worry over the global economy following the hawkish remarks of Federal Reserve Chairman Jerome Powell, signaling 2 more possible rate hikes.

“Further rate hikes by the Fed may weaken the US economy which in turn would heavily weigh on the global economy,” he noted

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

Stocks drop on Fed signals, junk food taxThe local stock market continued to weaken as US bourses dropped in reaction to recent comments by Fed Chairman Jerome Powell. | ManilaBulletin
แหล่ง: manilabulletin - 🏆 25. / 51 อ่านเพิ่มเติม »

US stocks fall for third straight dayNEW YORK, United States- Wall Street stocks fell for a third straight session Wednesday as markets digest gains from earlier in 2023 and take in hawkish Federal Reserve commentary.
แหล่ง: manilabulletin - 🏆 25. / 51 อ่านเพิ่มเติม »

Asia stocks subdued after Powell testimony fails to surpriseSINGAPORE - Asian shares made a tentative start to Thursday after Federal Reserve chair Jerome Powell stuck to his recent hawkish tone as investors assess the future rate policy path from the
แหล่ง: inquirerdotnet - 🏆 3. / 86 อ่านเพิ่มเติม »

DOH assures stocks of antiretroviral drugs for HIV enough until April 2024The Department of Health (DOH) assured on Thursday, June 22, that the current and the incoming antiretroviral stocks will be enough to cover the HIV treatment facilities until April 2024. | ManilaBulletin READ:
แหล่ง: manilabulletin - 🏆 25. / 51 อ่านเพิ่มเติม »