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.”
Peso ends sideways; stocks recover
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Peso flat as PSEi dips
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