The benchmark Philippine Stock Exchange index (PSEi) went up by 26.82 points or 0.42% to close at 6,388.64 on Monday, while the broader all shares index climbed by 11.02 points or 0.32% to 3,421.78. READ:
The benchmark Philippine Stock Exchange index went up by 26.82 points or 0.42% to close at 6,388.64 on Monday, while the broader all shares index climbed by 11.02 points or 0.32% to 3,421.78.
“The market traded mostly in the red territory amid a lack of positive catalysts while waiting for the inflation rate in the US. It has been monitored by the investors as it determines whether the Federal Reserve will be more aggressive to tame inflation or will continue the current stance,” Ms. Alviar added.
Inflation data for June due July 13, which is expected to show consumer prices accelerating, is also seen giving policy makers more cover to raise borrowing costs further.
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