Upbeat regionals boost PSEi
The local stock barometer firmed up for the sixth session in a row on Thursday, tracking upbeat regional markets following Singapore’s surprise monetary stimuli.
The Philippine Stock Exchange index added 16.28 points or 0.22 percent to close at 7,357.28.
Across the region, stock markets trekked higher as Singapore’s central bank unexpectedly relaxed monetary settings.
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At the local market, the gains were led by the financial, industrial, holding firm, services, mining/oil and property counters. Only the financial counter ended in the red.
There were 126 advancers that beat 77 decliners while 39 stocks were unchanged. Value turnover for the day amounted to P8.11 billion. Doris Dumlao-Abadilla
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