Bargain hunting snapped the stock market’s two-day decline and kept it from slipping into the 7,000 area on Thursday. US markets mostly jumped overnight, with the Dow Jones and S&P 500 adding 1.44 percent and 0.57 percent, respectively. Their victory “may pave the way for more US stimulus spending under Biden’s presidency,” Pangan said. Net value turnover declined to P8.47 billion from P11.48 billion a day earlier, but still above last year’s daily average of P6.53 billion. Total volume turnover reached 46.43 billion shares, valued at P8.73 billion.

Source: Manila Times January 07, 2021 16:41 UTC