Stocks eke out modest gains on strong Q3 earningsThe benchmark Philippine Stock Exchange index (PSEi) yesterday went up by 0.21 percent or 15.4 points to close at 7,415.73, snapping a two-day slump dragged by overseas risks. The benchmark Philippine Stock Exchange index (PSEi) yesterday went up by 0.21 percent or 15.4 points to close at 7,415.73, snapping a two-day slump dragged by overseas risks. Moreover, the broader All Shares index gained by 0.13 percent or 5.28 points to settle at 4,081.52, showing investor trust that the upcoming earnings season would prove bountiful. The BSP is open to cutting rates by as much as 100 basis points next year, if market conditions permit. The PSEi saw P6.36 billion worth of shares change hands, as the winners beat the losers, 103 to 91, while 62 issues were untouched.

Source: Philippine Star October 18, 2024 20:31 UTC