PSEi climbs to 7,500 on positive trade newshome/Business/Top Business/PSEi climbs to 7,500 on positive trade newsTHE stock market returned to the 7,500 level on Thursday with sentiment said to have been boosted by positive US-China trade news and expectations that monetary authorities would pause from hiking rates. “Local shares resumed their upward ascent as trade tensions showed signs of improvement,” Regina Capital Development Corp. head of sales Luis Limlingan said. Policymakers on Thursday decided to keep policy rates unchanged after inflation decelerated to 6.0 percent in November from a peak of 6.7 percent. Most sectoral results closed in the green except for mining and oil and property, which fell by 0.87 percent and 0.38 percent, respectively. Volume turnover stood at 2.69 billion issues valued at P6.06 billion.|Winners led losers, 109 to 80, while 46 issues were unchanged.

Source: Manila Times December 13, 2018 21:11 UTC