PHILIPPINE STOCKS managed to close higher on Tuesday even as the market mostly moved sideways due to lingering jitters caused by the Trump administration’s trade policies.
The bellwether Philippine Stock Exchange index (PSEi) rose by 0.12% or 7.59 points to end at 6,145.59, while the broader all shares index inched up by 0.18% or 6.83 points to close at 3,652.14.
“The gains are attributed to appreciation of corporate fundamentals,” Philstocks Financial, Inc. Senior Research Analyst Japhet Louis O. Tantiangco said in a Viber message. “The local market moved sideways for the trading day, however, reflecting investors cautiousness amid lingering uncertainties connected to the US’ trade policies and its impact on the global economy.”
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