Arab Today, arab today philippine bourse extends winning streak on monday
Last Updated : GMT 20:54:26
Arab Today, arab today
Arab Today, arab today

Philippine bourse extends winning streak on Monday

Arab Today, arab today

Arab Today, arab today Philippine bourse extends winning streak on Monday

Manila - XINHUA

The Philippine stock market extended its winning streak on Monday following the release of positive U.S. economic data. The bellwether Philippine Stock Exchange index added 0.35 percent, or 23.49 points, to 6,766.46, while the broader all-share index rose by 0.07 percent, or 2.67 points, to 4,071.63. Trading volume reached 1.66 billion shares worth 4.8 billion pesos (107.83 million U.S. dollars) with 89 stocks advancing, 81 declining and 47 unchanged. Of the six counters, only the mining and oil sector bucked the trend. "Much of the bullishness was attributed to expectations over U. S. corporate earnings and non-farm payrolls -- data which were released long after markets in the region had closed," analyst Justino Calaycay of Accord Capital Equities Corp. said in his daily stock market comment. Calaycay said U.S. unemployment fell to 6.3 percent from 6.7 percent, a "huge" improvement in light of the weak start for the year induced by inclement weather. He said, however, that the drop in unemployment rate was accompanied by the shrinkage in the labor force. Likewise, brokerage 2TradeAsia.com said increased liquidity in the system and expectations of improved first quarter earnings from select index-based stocks will continue to drive up interest in the local equities. The brokerage advises investors to exercise caution for possible selling pressure that might come out as the index nears the 6,800 level. It said, however, that the local equities might continue with its upward thrust, as the bourse is seen breaching the latest high at 6,815 before it is pushed into a correction. Stocks in the 30-company index were mostly up. These include heavyweight Philippine Long Distance Telephone Co., SM Investments Corp. and Ayala Land, Inc.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today philippine bourse extends winning streak on monday Arab Today, arab today philippine bourse extends winning streak on monday

 



Arab Today, arab today
Arab Today, arab today Saudis await visitors but will they come?

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Blind sheikh buried in Egypt

GMT 06:32 2017 Thursday ,23 February

Blind sheikh buried in Egypt
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success

GMT 20:48 2017 Wednesday ,22 February

Dividend announcements drive Muscat bourse

GMT 16:56 2017 Wednesday ,22 February

Global gold prices drop

GMT 16:01 2017 Wednesday ,22 February

Tadawul edges down 0.2%

GMT 13:22 2017 Wednesday ,22 February

Canadian stock market closes at record high

GMT 11:50 2017 Wednesday ,22 February

Most Asia markets up as Hong Kong rebounds

GMT 20:52 2017 Tuesday ,21 February

Asia stocks consolidate recent gains; China shines

GMT 10:37 2017 Tuesday ,21 February

Most Asia markets up as rally presses ahead
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Salma Rashid happy for 'A Whisper of Love'

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday