Live Breaking News & Updates on Recovery The Decline In Prices Of Commodities World Market Boosts Sentiments And Results Positive Close Both Philippines 39 Main Equities Index Peso On Friday July 8

RECOVERY. The decline in the prices of commodities in the world market boosts sentiments and results in the positive close of both the Philippines' main equities index and the peso on Friday (July 8, 2022). Analysts said hints from the central bank of more aggressive rate hikes also contributed to positive sentiments during the day. (PNA file photo) MANILA - The Philippines' main stocks index recovered on Friday and the peso recovered to the 55-level against the US dollar partly on the decline of commodity prices in the international market. The Philippine Stock Exchange index (PSEi) reversed its path and rose by 0.15 percent, or 9.50 points, to 6,361.82 points. All Shares followed with a jump of 0.16 percent, or 5.37 points, to 3,410.76 points. Most of the sectoral indices also gained during the day namely Industrial, 1.07 percent; Financials, 1.01 percent; Mining and Oil, 0.98 percent; and Services, 0.41 percent. On the other hand, Property fell by 0.89 percent and Holding Fi ....

San Carlos , Negros Occidental , United States , Michael Ricafort , Bangko Sentral , Felipe Medalla , Luis Limlingan , Rizal Commercial Banking Corporation , Holding Firms , Regina Capital Development Corporation , Philippine Stock Exchange , Texas Intermediate , Governor Felipe Medalla , Commercial Banking Corporation , Monetary Board , Recovery The Decline In Prices Of Commodities World Market Boosts Sentiments And Results Positive Close Both Philippines 39 Main Equities Index Peso On Friday July 8 , 022 Analysts Said Hints From The Central Bank Of More Aggressive Rate Hikes Also Contributed To Positive Sentiments During Day Pna File Photo Manila Philippines 39 Main Stocks Index Recovered On Friday And Peso 55 Level Against Us Dollar Partly Decline Commodity Prices In International Market Philippine Stock Exchange Psei Reversed Its Path Rose By 0 15 Percent , R 9 50 Points , Go 6 , 361 82 Points All Shares Followed Witha Jump Of 0 16 Percent , R 5 37 Points , O 3 , 410 76 Points Most Of The Sectoral Indices Also Gained During Day Namely Industrial , Roperty Fell By 0 89 Percent And Holding Firms 33 Volume Was Thin At 538 26 Million Shares Amounting To Php6 6 Billion Advancers Led Decliners 92 72 , Hile 62 Shares Were Unchanged Quot Philippine Eked Out Modest Gains To Sustain Its Winning Streak Ahead Of The Key Jobs Report , Hile Investors Reacted Toa Recent Drop In Commodity Prices ,