Philippine stock index closes at 6,037.17, gaining 237.85 points from start of month as mid-June rally offsets uneven trading and recurring pullbacks.
Equities and the local currency drift lower as investors stay defensive, keeping both markets within recent trading ranges.
The stock market surrendered more of its recent gains while the peso slipped against the dollar, ending a week-long recovery streak.
The local currency continued its recovery and posted one of its strongest finishes in over a month, while the stock market surrendered a fraction of its previous day’s outsized gains.
Retail firm eyes exit from local bourse as tender offer runs until June 16 after regulatory clearance and board approval.
How oil spikes and interest rate shifts impact the Philippine Stock Market.
