Philippine stocks rebound

A+
A
A-

pse.com.ph photo

MANILA, Philippines—Local stocks regained ground on Thursday, as investors reassessed trading opportunities for 2013, paring down the losses incurred in the last two days of profit-taking.

The main-share Philippine Stock Exchange index added 24.66 points, or 0.41 percent, to close at 6,072.18.  Elsewhere in the region, trading was muted by global growth concerns.

Mining/oil and property led the day’s recovery, respectively rising by 1.88 percent and 1 percent. The services and holding firm counters also modestly increased.

On the other hand, the financial and industrial counter declined.

Value turnover amounted to P7.32 billion. There were 86 advancers versus 77 decliners while 49 stocks were unchanged.

PLDT, ALI, SMIC, AGI, Megaworld, Philex and BDO contributed to the day’s gains.

On the other hand, the laggers were AC, SM Prime, SMDC, DMCI, Metrobank, AP, URC and EDC.

Inquirer Viber

Disclaimer: The comments uploaded on this site do not necessarily represent or reflect the views of management and owner of INQUIRER.net. We reserve the right to exclude comments that we deem to be inconsistent with our editorial standards.

To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.

Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:

c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City,Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94

editors' picks

advertisement

popular

advertisement

videos