The benchmark Philippine Stock Exchange index (PSEi) went up by 42.23 points or 0.59% to close at 7,124.84 on Friday, while the broader all shares gained by 15.24 points or 0.40% to 3,774,59. READ:
The benchmark Philippine Stock Exchange index went up by 42.23 points or 0.59% to close at 7,124.84 on Friday, while the broader all shares gained by 15.24 points or 0.40% to 3,774,59.“Philippine shares continued to claw their way up as jobless claims dropped to over a decade low of 187,000, pointing that the economic recovery of the US could keep growing through headwinds like the Ukraine-Russia war and higher interest rates,” Regina Capital Development Corp. Head of Sales Luis A.
Claims have been declining in part as coronavirus disease 2019 restrictions across the country have been lifted amid a massive drop in coronavirus cases. They plunged from a record high of 6.149 million in early April 2020. For this week, the market will continue to monitor the ongoing war between Russia and Ukraine and its impact on commodity prices.
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