Stock market recovers on trade talks optimismhome/Business/Top Business/Stock market recovers on trade talks optimismTHE stock market recovered some ground on Monday as investor sentiment was boosted by renewed hopes over US-China trade talks. The bellwether Philippine Stock Exchange index touched the 8,000 level during intra-day trading but lost some strength to finish the day up 0.79 percent or 62.44 points at 7,971.33. AAA Southeast Equities Inc. President Matthew Cabangon said market players went bargain-hunting as they cheered US President Donald Trump’s announcement that US-China trade talks in Beijing last week were productive. SMC, through subsidiary San Miguel Food and Beverage Inc. (SMFB), last year said that it was planning to enter rice importation business. More than 1.39 billion shares valued at P11.07 billion were traded Losers led winners, 114 to 97, while 39 issues were unchanged.

Source: Manila Times February 18, 2019 17:58 UTC