Market Recap
Share prices on the Philippine Stock Exchange rebounded as investors took positions ahead of Q2 economic performance report.
The bellwether PSEi gained 125.61 points or 1.63% to 7,851.46 at the closing bell. The broader All Shares increased by 73.02 points or 1.58% to 4,708.61.
Investors are possibly positioning ahead of GDP results.
The Philippine Statistics Authority is set to announce Q2 gross domestic product (GDP) numbers on Thursday, August 9.
Investors also took the cue from first half earnings of listed companies.
Philippine stocks closed higher on the release of corporate earnings, with some already placing bets ahead of the central bank meeting and GDP release.
More than 1.248 billion shares valued at P8.636 billion, changed hands. Advancers led decliners, 116 to 75, and 52 issues were unchanged.
Gainers: GLO (+8.64%), ICT (+7.15%), JGS (+3.57%), MEG (+3.44%), URC (+3.14%)
Laggards: RLC (-2.43%), LTG (-1.70%), EMP (-0.27%)
