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Page 25 - ரெஜினா மூலதனம் வளர்ச்சி நிறுவனம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Stocks continue sideways

Photo credit: PSE Information Desk The main index eked out a gain of 7.75 points or 0.12 percent to close at 6,566.83 even thought the Property counter continued to retreat.  Volume remained lower than average at 4.62 billion shares worth P6.85 billion as gainers outpaced losers 122 to 94 with 47 steady.  “Philippines shares were slowly bought up once again as  investors anxiously await the conclusion of the Fed’s two-day policy meeting in which the central bank is expected to release new rate forecasts,” said Regina Capital Development Corporation Managing Director Luis Limlingan.  Philstocks Financial Senior Analyst Japhet Tantiangco said “The local bourse extended its climb on the back of bargain hunting. Selling pressures were seen to be present, however, due to lingering COVID-19 concerns.”

Stocks recover from early losses

The local stock market managed tk claw back from early losses to end marginally higher as some investors picked up bargains. PSE file photo The main index gained 6.62 points or 0.10 percent to close at 6,559.08 with only the Holding Firms and Property counters remaining in the red. Volume f

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