Philippine stocks rebounded Wednesday from nine straight days of losses on bargain hunting.
The 30-company Philippine Stock Exchange index climbed 45.07 points, or 0.70 percent, to close at 6,450.04, while the broader all-shares index added 20.17 points, or 0.59 percent, to reach 3,430.02.
“Investors took opportunity to buy bargains near the 6,400 support,” Philstocks Financial Inc research analyst Claire Alviar said.
“Adding to the positive sentiment, the International Monetary Fund revised its...
Philippine stocks opened the week in the red as investors remained cautious ahead of the Bangko Sentral ng Pilipinas’ (BSP) policy meeting.
The 30-company Philippine...
Share prices are expected to move sideways during this shortened trading week amid the continued macroeconomic headwinds.
Financials markets will be closed Tuesday and Wednesday...
Philippine stocks fell again Thursday after the government lowered its economic growth targets for 2024.
The Philippine Stock Exchange index lost 36.76 points, or 0.54...
