All major Asian stock exchanges, with the exception of Singapore, grew in the end of the week. Main index of Manila’s stock exchange increased in nearly 5%. Similarly, shares in India grew, and added up almost 6%.
Positive mood on stock exchange in the capital of Philippines was mainly caused by releasing of anti-pandemic measures in Manila. Its shares significantly grew on Friday – in 4,8%. The growth was mainly caused by banking houses and financial institutions in general. Its profits moved between 8-11%.
Shares in Kuala Lumpur grew in 1%, in the lead with Petronas Gas and Petronas Dagangan, whose stocks value grew in 9,4%, that is 12,6%. Similarly, Bangkok, Jakarta or Ho Chi Minh Stock Exchanges grew. The only market having experienced fall was Singapore Exchange, which lost 0,18%.
Indian shares recorded success and added up 6% during five trading days. In addition, Nifty 50 index grew in almost a percent on Friday. Positive numbers from Indian GDP, which grew in 3,1% during first quarter of 2020, caused the optimism, even though analysts expected one percent worse results.