Positive economic data boost PH shares; peso improves
MANILA - Lower inflation and unemployment rates have pushed local shares to continue gains while the peso slightly improved on Tuesday. The Philippine Stock Exchange index (PSEi) increased by 16.56 points, or 0.23 percent, to 7,147.30. However, the local bourse has yet to recover its losses since shares started to decline from 7,400-level last November 25 as news on the Omicron variant emerged. "Philippine shares continued to rebound on reports that the Omicron variant is less severe than expected," Regina Capital Development Corp. managing director Luis Limlingan said. On Tuesday, t...
Source: philippinetimes.com