SHARE prices gained last week as investors accumulate assets ahead of the US Federal Reserve meeting this week and more local earnings results for the second quarter of the year.The main index made gains early in the week, slightly going down during mid-week before going up again by Friday.
Top gainers were Cemex Holdings Philippines Inc., SOCResources Inc., Ionics Inc., Vivant Corp., SFA Semicon Philippines Corp. and Manila Broadcasting Co. “This is not a uniquely new concern for markets, having to discount and account for this global tightening for most if not all of the the second quarter of 2022,” the broker said.
“We may see optimism if investors hear more plans to solve the country’s lingering concerns including food security, inflation and fiscal consolidation in the upcoming SONA. Investors are also seen to watch out for plans on how to sustain the economy’s recovery from the pandemic,” Tantiangco said.
Source: News Formal (newsformal.com)
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.
Owner of frequented eatery in Carbon now sells flowers at interim marketCEBU CITY, Philippines --Anyone who frequented the Carbon canteen before the COVID-19 pandemic surely knows Susan Escarlan and her small eatery which serves as a respite for college students who
Source: cebudailynews - 🏆 8. / 71 Read more »
Crude climbs as traders weigh demand signals, pipeline flows | Bloomberg NewsOil rose, all but erasing a weekly loss, as investors weighed the demand outlook and tracked disruption to a key North American pipeline. West Texas Intermediate advanced above $97 a barrel in the final session of a volatile week in which prices have swung in a range of about $10.…
Source: BusinessMirror - 🏆 19. / 59 Read more »
Cayetano appeals to Marcos to veto vape bill - BusinessWorld OnlineA SENATOR has appealed to President Ferdinand R. Marcos, Jr. to veto a bill regulating vaping, citing that its passage will overturn stricter regulations and pose harm to the young market.
Source: bworldph - 🏆 9. / 68 Read more »
The enduring family tradition of Cagayan de Oro's famous smoked hamsThe famous ham makers of Cagayan de Oro remain unperturbed, sticking to their traditional home-cooked, high-quality hams, as giant food processing firms flood the market with cheaper and commercialized versions.
Source: rapplerdotcom - 🏆 4. / 86 Read more »
DILG-CAR urges LGUs to establish public weighing scale centers in marketsThe DILG-Cordillera Administrative Region prodded its local government units (LGUs) to put up accessible ‘Timbangan ng Bayan Centers’ in all public and private markets to safeguard the consumers against deceptive and unfair sales acts and practices.
Source: manilabulletin - 🏆 25. / 51 Read more »