CNVRG rose by 2.91%, closing at 17.00/sh, continuing its bullish trajectory as shown by the MACDās green histograms and its position above all MA levels.
SCC increased by 1.00%, closing at 35.40/sh and trading above all MA levels.
SMPH decreased by -1.83%, closing at 24.15/sh.
TEL posted a slight increase of 0.38%, closing at 1,315.00/sh, yet still trading below all key MA levels.
The PSEI decreased by -1.03%, closing at 6,265.52/sh.
Investors would be monitoring for possible repeat of prior sessionās MOC-selling, especially on intra-day rallies.
Local equities may take its cue from Wall Streetās incline, riding on solid earnings from financials & latest CPI gauge in relation to the Fedās possible course on interest rates.
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Our recommendation and 1-year Target Price for this stock is
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