Arab Today, arab today philippine stocks rally on overseas positive factor
Last Updated : GMT 10:43:16
Arab Today, arab today
Arab Today, arab today

Philippine stocks rally on overseas positive factor

Arab Today, arab today

Arab Today, arab today Philippine stocks rally on overseas positive factor

Manila - XINHUA

The Philippine stock market is testing the 6,800 level again following U.S. Federal Reserve chief Janet Yellen's cue on the government's next move. The bellwether Philippine Stock Exchange index jumped by 1.21 percent or 82.05 points to 6,847.26, while the broader all-share index rallied by 0.88 percent or 35.77 points to 4,116.06. Trading volume reached 2.09 billion shares worth 11.89 billion pesos (272.61 million U.S. dollars) with 116 stocks advancing, 72 declining, and 35 were unchanged. Of the six counters, only the mining and oil sectors bucked the trend. "Investors re-tested the local index's resiliency to trounce past 6,800, with prime catalyst from Fed chief Yellen's indication on monetary policy," 2TradeAsia.com said in its daily stock market comment. Yellen told the U.S. Congress that the U.S. economy might still be in need of support given the lackluster performance of the labor market. 2TradeAsia.com said any indication of reaffirmation of stimulus support will be lauded, as the backdrop would support the prevailing low interest rate environment. The brokerage added that it expects financial and property stocks to lead the rally, as well as firms with good first quarter earning results. Stocks in the 30-company index were up. Among the most actively traded issues were heavyweight Philippine Long Distance Telephone Co., Ayala Land, Inc., and SM Investments Corp.

arabstoday
arabstoday

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 stocks rally on overseas positive factor Arab Today, arab today philippine stocks rally on overseas positive factor

 



Arab Today, arab today

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 stocks rally on overseas positive factor Arab Today, arab today philippine stocks rally on overseas positive factor

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots
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