philippine bourse closes higher with uptrend of oil prices overseas
Last Updated : GMT 05:21:58
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 05:21:58
Arab Today, arab today

Philippine bourse closes higher with uptrend of oil prices overseas

Arab Today, arab today

Arab Today, arab today Philippine bourse closes higher with uptrend of oil prices overseas

Philippine stock market.
Manila - XINHUA

The Philippine stock market opened the week higher as a result of improvement in oil prices.

The bellwether Philippine Stock Exchange index gained 0.63 percent or 48 points to 7,677.73, while the broader all-share index added 0.58 percent or 26.24 points to 4,559.48.

Trading volume reached 1.81 billion shares worth 4.87 billion Philippine pesos (100.45 million U.S. dollars) with 93 stocks advancing, 88 declining, and 50 unchanged.

All six counters were up, led by the mining and oil sector.

"Latest gain in oil prices could also help boost investors' sentiment today, which in turn could aid them to look for stocks that have been beaten down by Friday's slump," online brokerage 2TradeAsia.com said in its daily stock market comment.

Oil prices remain stable above 50 U.S. dollars a barrel on Monday, ahead of a planned production cut by exporter club Organization of the Petroleum Exporting Countries.

Brent crude prices was up by 6 cents to 50.25 U.S. dollars per barrel.

"It looks like the worst is through for the market," analyst Justino Calaycay of A&A Securities, Inc. said in his daily stock market comment.

The analyst said while Monday's performance is not an indication that it will all be rosy from this point on, investors can probably assert that the local equities have reached or is at least near a bottom.

"That is, unless another controversy erupts and rattles the nerves of investors," he said.

Stocks in the 30-company index were mostly up. These include Ayala Corp., SM Investments Corp., and Globe Telecom, Inc.

Source : XINHUA

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*

philippine bourse closes higher with uptrend of oil prices overseas philippine bourse closes higher with uptrend of oil prices overseas

 



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*

philippine bourse closes higher with uptrend of oil prices overseas philippine bourse closes higher with uptrend of oil prices overseas

 



Arab Today, arab today Modern colorful bedroom renovation

GMT 11:23 2017 Thursday ,21 December

Modern colorful bedroom renovation

GMT 14:25 2017 Thursday ,01 June

Modi woos Spanish firms to invest in India

GMT 21:18 2017 Sunday ,26 March

Egypt marks Earth Hour today

GMT 14:30 2016 Tuesday ,27 September

Mosque, congress center attacked in Dresden, Germany

GMT 04:28 2016 Saturday ,15 October

FIFA boss makes gains on World Cup expansion

GMT 20:11 2016 Monday ,11 July

2 Earthquakes hit Ecuador

GMT 18:02 2017 Wednesday ,11 October

Streep, Dench voice outrage at Weinstein sex revelations

GMT 08:53 2017 Wednesday ,22 March

Qatari Amir receives letter from Kuwaiti Amir

GMT 01:07 2017 Friday ,08 September

UN says 164,000 refugees enter Bangladesh from Myanmar
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

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday