Philippine Stock Exchange index rose 0.45% to 6,853.29, driven by bargain hunting after last Friday's sell-off.
The Philippine Stock Exchange index rose 0.45% to 6,853.29, with bargain hunting driving growth after a sell-off last Friday. The broader All Shares index also increased 0.29% to 3,570.89. Investors remain cautious ahead of the US Federal Reserve meeting this week. Overseas Filipinos' cash remittances grew 2.7% year-on-year in January, providing some optimism. Local financials led gains, while services and holdings firms declined.
March 18, 2024
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