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Shares rise as House approves 3rd stimulus bill

Shares rise as House approves 3rd stimulus bill
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Stocks drop on lack of leads, fears of Fed tapering

BusinessWorld May 24, 2021 | 9:00 pm COURTESY OF PHILIPPINE STOCK EXCHANGE, INC. THE MAIN INDEX declined on Monday due to a lack of catalysts and amid inflation concerns in the United States, which raised fears of a sooner-than-expected tapering by the US Federal Reserve. The Philippine Stock Exchange index (PSEi) declined by 34.36 points or 0.55% to close at 6,164.89 on Monday, while the all shares index went down by 21.46 points or 0.55% to 3,821.27. “There was no fresh lead in the market and most traders were seen on the sidelines given the weak participation,” Philstocks Financial, Inc. Research Associate Claire T. Alviar said in a Viber message. 

PHL shares climb on last-minute bargain hunting

PHL shares climb on last-minute bargain hunting April 29, 2021 | 9:00 pm COURTESY OF PHILIPPINE STOCK EXCHANGE, INC. SHARES closed higher on Thursday on last-minute bargain hunting and as the country recorded slightly lower new coronavirus disease (COVID-19) cases the previous day. The Philippine Stock Exchange Index (PSEi) rose by 18.37 points or 0.28% to close at 6,487.51 on Thursday, while the broader all shares index gained 10.46 points or 0.26% to end at 3,967.96. “The local bourse traded mostly in the red territory after the government extended the MECQ (modified enhanced community quarantine) in Greater Manila, which would adversely affect those businesses that are prohibited to operate, as well as those whose operations are at a limited capacity only like restaurants, malls, etc,” Philstocks Financial, Inc. Research Associate Claire T. Alviar said in a Viber message.

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