PH stock market marginally higher
MANILA, Philippines—The local stock market closed marginally higher on Tuesday as trading volume thinned out due to the Lunar New Year holiday break in key Asian markets.
The main-share Philippine Stock Exchange index added 1.92 points or 0.03 percent to close at 6,459.93. The local index trimmed gains from morning trade.
Across the region, trading was mostly firmer led by Japanese stocks, which benefited from a weakening yen (seen to boost export competitiveness) and talks about a prospective Japanese central bank easing. But many key markets, such as those in China, Hong Kong, Singapore and Taiwan were still on holiday.
At the local market, turnover was thin at about P4.97 billion or about half of daily trades in previous weeks due to the Lunar New Year holiday.
Disclaimer: The comments uploaded on this site do not necessarily represent or reflect the views of management and owner of INQUIRER.net. We reserve the right to exclude comments that we deem to be inconsistent with our editorial standards.
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City,Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94