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BusinessWorld
August 4, 2021 | 9:00 pm
COURTESY OF PHILIPPINE STOCK EXCHANGE, INC.
PHILIPPINE shares continued to rally on Wednesday following positive earnings reports from companies, but analysts said the market could consolidate as the week comes to an end.
The Philippine Stock Exchange index (PSEi) gained 25.15 points or 0.38% on Wednesday to close at 6,585.21, while the all shares index went up by 18.77 points or 0.46% to end at 4,059.59.
“Philippine shares traded slightly up after the new string of positive corporate earnings results overshadowed investor concerns over the coronavirus and Chinese regulatory action against technology stocks,” Regina Capital Development Corp. Head of Sales Luis A. Limlingan said in a Viber message.