PHILIPPINE STOCKS extended their gains on Wednesday to track Wall Street’s rise and amid continued bargain hunting.
PHILIPPINE STOCKS continued to post gains on Tuesday on bargain hunting ahead of third- quarter earnings season and with rate hike concerns already priced in.
LOCAL STOCKS closed higher on Monday following the release of data showing remittances rose in August and on continued bargain hunting.
PHILIPPINE SHARES are expected to move sideways with a downward bias this week as US inflation data cemented bets of another aggressive rate hike from the US Federal Reserve next month and as focus shifts to companies’ third-quarter financial results.
STOCKS went up on Thursday as minutes of the US Federal Reserve’s September meeting showed the central bank recognizes the possible economic impact of their aggressive policy stance and ahead of the release of latest US consumer price index (CPI) data.
LOCAL STOCKS closed nearly flat on Wednesday as investors stayed on the sidelines ahead of the release of September US inflation data, which could provide clues on the US Federal Reserve’s next move.
SHARES inched higher on Tuesday on bargain hunting, with investors picking up cheap issues following the market’s three-day slide.
PHILIPPINE STOCKS closed lower on Monday to track Wall Street’s decline as latest US jobs data fanned expectations of another aggressive rate hike from the US Federal Reserve next month that could push the world’s largest economy into recession.
PHILIPPINE SHARES are expected to decline this week as economic data fueled expectations of more rate hikes from both the US Federal Reserve and the Bangko Sentral ng Pilipinas (BSP).
PHILIPPINE STOCKS declined on Thursday after a three-day climb on profit taking and after the world’s major oil-producing countries agreed to cut output, which may affect inflation.
PHILIPPINE STOCKS eked out gains on Wednesday despite the release of data showing inflation reached a new peak last month.
PHILIPPINE STOCKS surged on Tuesday on sustained bargain hunting and data showing manufacturing activity in the country improved last month.