PHILIPPINE STOCKS may rise in the coming days on continued bargain hunting following the market’s steep drop last week, with the peso and the release of May Philippine inflation data to be key trading drivers.
On Friday, the benchmark Philippine Stock Exchange index (PSEi) rose by 0.96% or 61.35 points to close at 6,433.10, while the broader all shares index gained by 1.11% or 38.30 points to end at 3,463.87.
Week on week, however, the PSEi fell by 2.82% or 186.79 points from its 6,619.89 close on May 24.
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