NextGen Day

On Tuesday, bargain hunters boosted the Philippine Stock Exchange index (PSEi), as the peso remained flat versus the US dollar.

The main stock index rose 35.57 points, or 0.49 percent, to 7,288.21 points.

The Dow Jones Industrial Average increased 0.44 percent, or 16.97 points, to 3,864.48 points.

The Industrial index rose 1.02 percent during the day, while the Services, Property, and Holding Firms indexes all up 0.73 percent, 0.63 percent, and 0.31 percent, respectively.

Mining and oil, on the other hand, fell 0.98 percent, and financials fell 0.02 percent.

A total of 1.26 billion shares worth PHP6.3 billion were traded.

At 96 to 82, decliners outnumbered advancers, while 52 shares remained unchanged.

“Investors began to make wagers ahead of Q4 GDP (fourth quarter gross domestic product) and the potential reversion back to Alert Level 2 status,” said Luis Limlingan, head of sales at Regina Capital Development Corporation (RCDC).

On Thursday, the Philippine Statistics Authority (PSA) will release data on the domestic economy’s fourth quarter performance in 2021.

According to reports from the Department of Health (DOH), coronavirus disease 2019 (Covid-19) infections have decreased in the National Capital Region (NCR), paving the door for movement restrictions to be eased from the current Alert Level 3 by February, Limlingan stated.

In the meantime, the local currency ended the day at 51.26, down from 51.29 the day before.

It opened at 51.35 and moved between 51.4 and 51.2 throughout the session.

The average level for the day stood at 51.313.

Volume increased to USD1.04 billion from USD827.5 million on Monday.

Save/Share this story with QR CODE

---

Disclaimer

This article is for informational purposes only and does not constitute endorsement of any specific technologies or methodologies and financial advice or endorsement of any specific products or services.

📩 Need to get in touch?

Feel free to Email Us for comments, suggestions, reviews, or anything else.

---

We appreciate your reading. 😊Simple Ways To Say Thanks & Support Us:
1.) ❤️GIVE A TIP. Send a small donation thru Paypal😊❤️
Your DONATION will be used to fund and maintain NEXTGENDAY.com
Subscribers in the Philippines can make donations to mobile number 0917 906 3081, thru GCash.
3.) 🛒 BUY or SIGN UP to our AFFILIATE PARTNERS.
4.) 👍 Give this news article a THUMBS UP, and Leave a Comment (at Least Five Words).

---

AFFILIATE PARTNERS

World Class Nutritional Supplements - Buy Highest Quality Products, Purest Most Healthy Ingredients, Direct to your Door! Up to 90% OFF.
Join LiveGood Today - A company created to satisfy the world's most demanding leaders and entrepreneurs, with the best compensation plan today.

---