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Stocks snap losing streak
The Philippine Star
|March 09, 2024
Investors yesterday ended the week pushing the market back in the win column, as they finished pricing in the impact of the inflation uptick in February and a number of corporate results.
The benchmark Philippine Stock Exchange index (PSEi) rose by 104.87 points, or 1.53 percent, to close at 6,942.21, while the broader All Shares index picked up 34.92 points, or 0.98 percent, to reach 3,602.81.
The PSEi snapped a three-day losing streak after flirting with the 7,000 level at the start of the week, as investors returned to buying with renewed confidence in the market.
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