Philippine stocks closed above the 6,500 level on continued bargain hunting while the peso continued to lose value to finish at 57.19 against the US dollar Thursday.
The bellwether Philippine Stock Exchange index added 73.15 points, or 1.13 percent to finish at 6,523.19, while the broader all-shares index gained 26.30 points, or 0.77 percent, to reach 3,456.32.
Rizal Commercial Banking Corp. chief economist Michael Ricafort said the index rebounded for the...
Stocks surged Tuesday on reports daily COVID-19 cases in the Philippines may have reached their peak, fanning hopes of less restrictive mobility restrictions, especially...
Share prices are expected to move sideways this week as investors continue to assess the impact of the COVID-19 situation.
“We believe that the continuous...
