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Morning Updates on Equities

The local equities rallied, closing at a new high, as domestic buyers supported the market on speculation of a better-than-expected GDP growth figure.

he PSEi gained 37.74 points or 0.50% to close at 7,586.67. Most indices ended in green led by the financials (1.15%) and services (0.83%) sectors.

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Music As An Effective Form of Therapy

An infant in the pediatric intensive care unit is soothed by lullabies sung in tempo with the rhythm of her breathing.

A toddler recovering from surgery marches to the beat of a drum in his room, encouraging him to walk, unknowingly promoting healing. A teen freestyles, expressing his battle with cancer as he transforms the unit into a recording studio.

Music therapy may appear simply as a thoughtful service used for entertainment in a clinical setting, but it’s actually an evidenced-based form of therapy.

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Local Equities Consolidates

The local equities market consolidated at a tight range before ending the day almost flat, climbing only 12.50 points (+0.17%) to close at 7,344.23 due to the lack of market-moving news.

All PSEi sub-sectors ended the trading day higher with property (+0.57%) and mining and oil (+0.55%) booking the most gains. Market breadth was negative with 83 advances outnumbering 91 declines, while 56 issues remain unchanged.

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