Shares rebound as May inflation stays within target
The Philippine Star|June 06, 2024
The stock market bounced back after a major sell-off the previous day as investors stayed positive despite higher inflation rate announced in May.
RICHMOND MERCURIO

The Philippine Stock Exchange index closed at 6,441.32 yesterday, up by 0.86 percent or 54.90 points.

The broader All Shares index likewise rose by 0.43 percent or 14.65 points to settle at 3,453.69.

“Philippine shares rebounded from prior losses, mirroring the move of the US equities in its last session and shrugging off the uptick in headline inflation this morning,” Luis Limlingan of Regina Capital said.

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