PH stocks rise despite POGO ban impact on property firms

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Philippine stocks rebounded Tuesday despite the property and gaming stocks sell-off after President Ferdinand Marcos Jr. imposed a ban on all Philippine offshore gaming operators .

He said POGO exposure in terms of total gross leasable area of listed property firms was very minimal, citing data from listed companies. Holding firms advanced by 1.66 percent, while services rose 1.52 percent. Value turnover was at P4 billion. Traders are also hoping for more policy announcements to kickstart the stuttering Chinese economy after last week’s closely watched Third Plenum of leaders unveiled few measures save a pledge to help local governments financially.

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MlaStandard /  🏆 20. in PH

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