LOWER-THAN-EXPECTED inflation numbers and market gains elsewhere cheered investors on Tuesday with the bellwether Philippine Stock Exchange index gaining 1.40 percent or 106 points to end the day at 7,685.76. The wider All Shares rose by 1.06 percent or 49.11 points to close at 4,664.29. Locally, inflation data came out better than expected albeit higher than April,” Regina Capital Development Corporation said in an analysis. Summit Securities Inc. President Harry Liu pointed out that a continued drop in oil prices would further boost the stock market. Seoul and Singapore were each 0.3 percent higher but Sydney slipped 0.5 percent and Taipei and Bangkok also dropped.

Source: Manila Times June 05, 2018 16:41 UTC