INQUIRER.net: PH stocks get boost as US interest rates show no signs of rising soon

INQUIRER.net Philippine News for Filipinos

PH stocks get boost as US interest rates show no signs of rising soon Jul 19th 2013, 01:25 MANILA, Philippines -- Local stocks firmed up on Thursday as investors took their cue from indications that US interest rates won't rise too soon. The main-share Philippine Stock Exchange index gained 73.63 points or 1.12 percent to close at 6,648.35, recovering from a two-day decline. All counters were up but the biggest gains were eked out by the property and services counters which advanced by over 2 percent. Value turnover amounted to P7.44 billion. There were 109 advancers that overwhelmed 35 decliners while 46 stocks were unchanged. This developed as US Federal Reserve chair Ben Bernanke's much awaited testimony before the US Congress was seen as "dovish," resulting in ... Keep on reading: PH stocks get boost as US interest rates show no signs of rising soon Media files: philippine-stocks-exchange1.jpg (image/jpeg)

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