The local stock barometer continued its winning streak for the sixth straight session on Tuesday, firming up above the 7,300 mark despite an overnight downturn in Wall Street.
T
he main-share Philippine Stock Exchange index gained 88 points or 1.21 percent to close at 7,364.34 as risk appetite held up across the region despite renewed jitters in the West.
“Risk sentiment took a hit last night with investors getting anxious about the future of the single EU market. Weakening of commodity prices did not help the broad sentiment either,” Citigroup said in a research note.
At the local market, positioning for the year ahead continued to dominate given good prospects for the economy this year.
Read more: https://business.inquirer.net/222765/psei-now-7300-level
No comments:
Post a Comment