"Share prices continued to push north, posting its second-biggest single-day advance index-points-wise this year and extending the run to a fourth straight session, and ninth in the last 10 trading days,"
According to him, investors appear to have set aside their fears at the moment, shifting focus on corporate earnings, which so far has met or even exceeded expectations.
"The global news cycle has likewise turned positive, paving the way for the bulls' march north," Calaycay added. It was also a buoyant end for all the sectoral indices with property still having the largest gain, surging by 2.68 percent, or 62.61 points to 2,401.04, followed by holding firms, which soared by 2.10 percent, or 116.79 points to 5,691.16.
Industrial ascended by 1.45 percent, or 135.20 points to 9,467.02, and mining and oil expanded by 0.86 percent, or 121.83 points to 14,241.88. Financials improved by 0.85 percent, or 13.05 points to end at 1,547.55, while services climbed by 0.52 percent, or 9.85 points to 1,892.61.
Market turnover improving to
On Tuesday, local market participants opted to take cue from corporate earnings while
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