The main index rose 47.76 points or 0.72 percent to close at 6,645.52 as the Services sector led the advance although the Property and Mining and Oil counters retreated. Volume improved to 839 million shares worth P6.06 billion as gainers edged out losers 96 to 90 with 44 unchanged.
Philstocks Financial Senior Supervisor for Research Japhet Tantiangco said “The local bourse extended its climb as the progress in the formation of the incoming administration’s economic team gave sentiment a boost.” He noted that, “Investors were cheered as individuals with strong economic and finance background, the likes of BSP Governor Benjamin Diokno, Dr. Felipe Medalla, and Mr. Alfredo Pascual, were placed in key positions in the economic team.”
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
PSEi sinks further as net foreign selling surges - BusinessWorld OnlineSTOCKS continued to drop on Tuesday as net foreign selling surged amid Wall Street’s rise and expectations of global monetary tightening. READ:
Source: bworldph - 🏆 9. / 68 Read more »
PSEi sinks further as net foreign selling surges - BusinessWorld OnlineSTOCKS continued to drop on Tuesday as net foreign selling surged amid Wall Street’s rise and expectations of global monetary tightening. READ:
Source: bworldph - 🏆 9. / 68 Read more »
PH far from experiencing Sri Lanka economic crisis, Neda saysMANILA, Philippines — The Philippines is far from experiencing the economic crisis that Sri Lanka is currently facing, National Economic and Development Authority (Neda) Secretary Karl Kendrick
Source: inquirerdotnet - 🏆 3. / 86 Read more »
'Family Feud' Philippines: Team Daddy's Gurl vs. Team Sparkle | Episode 46 TeaserNgayong Miyerkules, ibang level na energy naman ang ihahatid ng Team Daddy's Gurl at Team Sparkle sa kanilang paglalaro sa 'Family Feud.' Pero kaninong team energy kaya ang mangibabaw sa paghula ng top survey answers? Abangan 'yan mamaya sa 'Family Feud,' 5:45 p.m. sa GMA!
Source: gmanetwork - 🏆 12. / 63 Read more »
Smart applauds SIBOL performance in 2022 SEA GamesAside from organizing the country's biggest esports events, Smart also supports gamers with data offers and services to level up their gameplay. BrandRap
Source: rapplerdotcom - 🏆 4. / 86 Read more »
PLDT broadband unit aims to hike sign-ups | Lorenz S. MarasiganThe home broadband arm of PLDT Inc. is looking to connect a million new fiber customers in 2022 with a ranking official “striving” to “overachieve” numbers beyond the target for the year. During a media roundtable discussion, PLDT SVP and Head of Consumer Business Jeremiah Dela Cruz said the group… I hope my best friend will have PLDT broadband in his area soon. He lives in a new subdivision and has to rely on a crappy 3rd party for his broadband b/c the major telco wait for these places to populate. He gets jealous with my PLDT service. 62% coverage is still a long way to go but still better than it used to be. Considering that we have evolved into a heavier demand for connectivity due to the pandemic, this will be quite a challenge. If PLDT makes good their boast we all win.
Source: BusinessMirror - 🏆 19. / 59 Read more »