{"id":75748,"date":"2016-05-11T22:22:19","date_gmt":"2016-05-12T02:22:19","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=75748"},"modified":"2016-05-11T22:22:19","modified_gmt":"2016-05-12T02:22:19","slug":"phl-stocks-sustain-post-election-rally-near-7400-mark","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2016\/05\/11\/phl-stocks-sustain-post-election-rally-near-7400-mark\/","title":{"rendered":"PHL stocks sustain post-election rally near 7,400-mark"},"content":{"rendered":"<figure id=\"attachment_34704\" aria-describedby=\"caption-attachment-34704\" style=\"width: 610px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/12\/Philippine-Stock-Exchange.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-34704\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/12\/Philippine-Stock-Exchange.jpg\" alt=\"Philippine Stock Exchange\" width=\"610\" height=\"428\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/12\/Philippine-Stock-Exchange.jpg 610w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/12\/Philippine-Stock-Exchange-300x210.jpg 300w\" sizes=\"auto, (max-width: 610px) 100vw, 610px\" \/><\/a><figcaption id=\"caption-attachment-34704\" class=\"wp-caption-text\">Philippine Stock Exchange<\/figcaption><\/figure>\n<p>MANILA\u2014Local share prices rallied strongly for a second straight day near 7,400-mark on Wednesday, spurred by euphoria over the peaceful conduct and outcome of this week\u2019s elections.<\/p>\n<p>The Philippine Stock Exchange index (PSEi) surged 221.64 points, or 3.09 percent to 7,396.52 from Tuesday\u2019s 7,174.88 finish.<\/p>\n<p>\u201cThe euphoria given the peaceful conduct of elections (boosted share prices today). This is an indication that some investors are accepting (elections outcomes) and are more comfortable with the incoming administration,\u201d Astro del Castillo, managing director of First Grade Finance Inc., said in an interview.<\/p>\n<p>Del Castillo said Wednesday\u2019s value turnover reaching Php12.86 billion also shows that \u201cinvestors\u2019 confidence is flowing back.\u201d<\/p>\n<p>Total traded shares stood at 2.2 billion.<\/p>\n<p>However, he believes that the local market will go through a correction towards the end of this week or early next week.<\/p>\n<p>\u201cThere will be a reality check\u2026 The market will take a breather, wait for some new developments,\u201d he added.<\/p>\n<p>All counters surged significantly, led by holding firms and property that advanced 3.35 percent and 3.65 percent, respectively.<\/p>\n<p>Advancers swamped decliners, 160 to 50, while 34 issues unchanged.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA\u2014Local share prices rallied strongly for a second straight day near 7,400-mark on Wednesday, spurred by euphoria over the peaceful &hellip;<\/p>\n","protected":false},"author":33,"featured_media":34704,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,16,95,43],"tags":[552,3258,343,7398,2393],"class_list":["post-75748","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","category-news","category-news-ph","category-stock-markets","tag-elections","tag-philippine-stock-exchange","tag-philippines","tag-stock-market","tag-stocks","mauthors-leslie-d-venzon","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/75748","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=75748"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/75748\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/34704"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=75748"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=75748"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=75748"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}