SHARE prices firmed for a third consecutive day ahead of the release of second quarter economic growth data. The benchmark Philippine Stock Exchange index (PSEi) added 37.18 points or 0.46 percent to settle at 8,046.59. But gains were tempered at the close ahead of US Fed minutes,” IB Gimenez Securities research head Joylin Telagen said. “But the focus this week is the GDP report as it will determine the index movement after mixed corporate earnings report,” she added. Regina Capital Development Corp., in a market note, said it expected Q2 GDP to have expanded by 6.5 percent year-on-year.

Source: Manila Times August 16, 2017 16:30 UTC