PSEi inches up on bargain hunting

By Ed Paolo Salting

Aug 25, 2022 12:22 am

INVESTORS hunted for bargains on Wednesday as the local bourse gained 25.07 points, or 0.38 percent, to settle at 6,643.45 after two straight days of decline at the support level of 6,600.

Philstocks Financial Inc. research associate Claire Alviar and Regina Capital Development Corp. Managing Director Luis Limlingan both said the market's rise was a technical bounce back at the 6,600 level amid lighter volumes as investors waited for the speech from Federal Reserve Chairman Jerome Powell in the United States.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

Growth goal likely to be missed

Peso falls further; PSEi slumps 2.1%

Diversification pushed as Trump wins elections

Trump tariff threat: What comes next?

ADB approves $1.7-B expressway loan

Nationalism and the oligarchy

Trump's presidency and its impact on the Philippine economy