Sumary of PH stocks end week in the green:
- The bellwether Philippine Stock Exchange index gained 0.67 percent, or 46.49 points, to its intraday high of 6,970.51 while the broader All Shares added 0.51 percent or 22 points to close at 4,302.79.Christopher Mangun, AAA Equities head of research, said investors still held on to their positions despite several risk factors.
- He noted that the index is a few points away from the 7,000 key level, which serves as its “inflection point.
- Mangun said stock valuations might continue higher if the local bourse manages to break above 7,000 in the coming sessions.
- The Dow Jones, S&P 500 and Nasdaq dropped anew overnight and lost 0.43 percent, 0.46 percent and 0.25 percent, respectively.