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Shares sustain rise on positive sentiment
The Philippine Star
|July 10, 2024
Share prices continued to gain steam driven by the overnight performance of the US markets coupled with the positive sentiment brought about by hopes of a rate cut.
The Philippine Stock Exchange index closed higher for a second straight session yesterday, adding 0.42 percent or 27.23 points to settle at 6,556.66.
The broader All Shares index also rose by 0.39 percent or 13.82 points to end at 3,538.24.
“Philippine shares resumed their climb as the market inched closer to the 6,600 level, getting a boost from the overnight performance of the US,” Luis Limlingan of Regina Capital said.
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