PHILIPPINE SHARES climbed further on Tuesday as market sentiment was boosted by strong corporate results and optimism that inflation eased in February.
The bellwether Philippine Stock Exchange index rose by 0.44% or 26.92 points to close at 6,064.11, while the broader all shares index increased by 0.24% or 8.84 points to 3,628.96.
“The local market extended its rise, backed by investors’ appreciation of robust corporate results,” Philstocks Financial, Inc. Senior Research Analyst Japhet Louis O. Tantiangco said in a Viber message.
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