Stocks bounce on selective bargain hunting

The main index jumped 81.65 points or 1.22 percent to close at 6,892.73 as the Property sector led the advance although Mining and Oil and Holdjng Firms remained in the red. Volume picked up with 632 million shares worth P6.92 billion changing hands as losers still beat gainers 124 to 64 with 54 unchanged.

He noted that, “US equities closed up for two straight days ahead of the anticipated Fed decision on Wednesday. The street is largely expecting the central bank to raise rates by 50 bps this week.“ Philstocks Financial Senior Supervisor for Research Japhet Tantiangco said “Late day buying sent the local market higher as bargain hunters took opportunities out of the market’s two-day decline which even got extended down to 6,630.46 early this Wednesday.“

United States United States Latest News, United States United States Headlines

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

Stocks weaken amid uncertaintiesThe PSEi started the month lower after cautious investors quickly sold down stocks after early gains.
Source: manilabulletin - 🏆 25. / 51 Read more »

Stocks weaken amid uncertaintiesThe PSEi started the month lower after cautious investors quickly sold down stocks after early gains.
Source: manilabulletin - 🏆 25. / 51 Read more »

Business Mondays with BM: May 02, 2022The Business Mondays with BM is a segment of the BusinessMirror’s Broader Look podcast that tackles the performance of the Philippine stock market.
Source: BusinessMirror - 🏆 19. / 59 Read more »

Weak trading seen as market waits for Fed hike - BusinessWorld OnlineOn Monday, the benchmark Philippine Stock Exchange index (PSEi) dropped by 10.17 points or 0.15% to close at 6,721.08, while the broader all shares index went down by 8.31 points or 0.23% to 3,596.83. READ:
Source: bworldph - 🏆 9. / 68 Read more »