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عشرة اخطاء يوم الشوفة الشرعية

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تفضلوا بزيارة قنآتي ..

تفضلوا بزيارة قنآتي ..

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News Report:

PSEi closes at year's high on foreign buying ahead of Holy Week break

Upbeat sentiment in the overseas markets and the local economy boosted the PSEi to its highest closing for year, supported by foreign buying ahead of the Holy Week break.

The benchmark PSEi climbed 49.52 points or 0.75 percent to 6,671.18. The broader all shares index inched higher by 24.46 points or 0.61 percent to 4,013.03.

Over 2.65 billion share valued at P8.39 billion were traded. Advancers overshadowed decliners, 119 to 63, while 40 issues were unchanged.

"Despite the long weekend ahead, investors seemed comfortable in accumulating due to positive sentiment in the overseas market and upbeat local economy," First Grade Finance Inc. managing director Astro del Castillo told GMA News Online on Wednesday.

"We have also been net foreign buying in the past few days as investors are encouraged to enter the Philippine market," he added.

Earlier, Wealth Securities Inc. analyst Miguel Agarao said the market has registered net foreign buying for 14 successive trading days.

Meanwhile, Papa Securities Corp. analyst Freya Natividad said Philippine stocks trailed the rally overnight on Wall Street.

US stocks ended a volatile session higher on Tuesday, lifted by gains in such blue-chip names as Coca-Cola and Johnson & Johnson, though persistent weakness in momentum names limited the Nasdaq's advance, Reuters reported.

Philippine markets will be closed for a four-day weekend starting Thursday, April 17.

When Philippine markets resume trading next week, Del Castillo said Philippine equities would try to catch up with what happened to markets overseas. – VS, GMA News

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