Philippine shares closed higher Thursday, as investors anticipated the June inflation rate would remain below 2 percent despite recent oil price increases.
The peso also strengthened, trading at 56.25 to the U.S. dollar, up from 56.365 on Wednesday.
The 30-company Philippine Stock Exchange index rose 49.93 points, or 0.78 percent, to close at 6,468.98. The broader all-shares index gained 6.42 points, or 0.17 percent, to end at 3,803.33.”
The local market bounced...
Philippine shares closed higher Thursday, as investors anticipated the June inflation rate would remain below 2 percent despite recent oil price increases.
The peso also strengthened, trading at 56.25 to the U.S. dollar, up from 56.365 on Wednesday.
The 30-company Philippine Stock Exchange index rose 49.93 points, or 0.78 percent, to close at 6,468.98. The broader all-shares index gained 6.42 points, or 0.17 percent, to end at 3,803.33.”
The local market bounced...
Local shares slipped on Friday as global crude price continue to rise due to escalating tension between Iran and Israel and uncertainty about possible...
The peso fell to 57.45 against the US dollar Thursday from 56.98 Wednesday as crude prices surged amid the Israel-Iran conflict.
Stocks, however, rose ahead...
The peso and the stock market are expected to remain under pressure this week due to escalating geopolitical tensions and market uncertainties.
The peso breached...
Philippine stocks sustained their upward momentum Friday as investors continued to monitor macroeconomic developments.
The 30-company Philippine Stock Exchange index gained 14.27 points, or 0.22...
