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Stocks up as foreign investors return

Published June 9, 2021, 4:41 PM The Philippine stock market rose as investors returned to the market with the start of vaccination for essential workers whle recent economic data was not as bad as expected. The main index jumped 92.82 points or 1.36 percent to close at 6,902.54 as share prices rose across the board led by the strength of the Property sector. Volume was higher at 2.02 billion shares worth P7.58 billion as gainers were more than double the number of losers at 138 to 61 with 52 unchanged. “Local shares traded closer to the 7,000 level as investors returned back to the Philippines, while remaining on a wait-and-see mode ahead of the release of the U.S. inflation data,” said Regina Capital Development Corporation Managing Director Luis Limlingan.

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