The benchmark Philippine Stock Exchange index (PSEi) climbed by 23.87 points or 0.36% to close at 6,564.90 on Monday, while the broader all shares index rose by 8.95 points or 0.26% to 3,441.42. READ:
LOCAL SHARES inched up on Tuesday on window dressing ahead of the year’s close and amid lack of fresh leads.
“Positive bias was aided by year-end window dressing. Upside was capped by concerns on the inflation report next week,” Mr. Vistan added. The BSP earlier said they expect inflation to rise slightly in December due to higher food prices caused by recent typhoon and increased liquefied petroleum gas prices and electricity rates.
US stock futures and the S&P 500 e-minis inched up by 0.6%, indicating the market is set to rise as traders return to their terminals on Tuesday after the Christmas holiday, Reuters reported.
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