Wednesday, December 13, 2017
Close  
business / Headlines
  • 14
    shares

Stocks up on bargain hunting

/ 05:28 AM December 08, 2017

Philippine stocks gained on Thursday as bargain hunters snapped up shares in select stocks.

The benchmark Philippine Stock Exchange index (PSEi) closed up 0.56 percent, or 45.31 points, to 8,174.93 while the broader All-Shares index closed up 0.4 percent to 4,800.59.

ADVERTISEMENT

Most subsectors ended positive, with only property falling 0.19 percent.

The biggest gainer was mining and oil, which rose close to 4 percent. This was pulled up by Semirara Mining and Power Corp., which announced yesterday a P2-billion share buyback program.

The industrial subsector was also up 0.93 percent, followed by holding firms, up 0.54 percent.

Data from the PSE showed that a total of 877.7 million shares valued at P5.9 billion changed hands on Thursday. Gainers led decliners, 97 to 93, while 47 companies closed unchanged.

The most actively traded on Thursday was Manila Electric Co., which gained 3.57 percent to P319 a share.

It was followed by Ayala Corp., down 0.99 percent to P1,000, Semirara Mining Corp., up 7.04 percent to P38, PLDT Inc., up 1.68 percent to P1,516, and SM Prime Holdings Inc., up 0.7 percent to P35.85 a share.

ADVERTISEMENT

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: All Shares index, Philippine Stock Exchange index (PSEi), Philippine stocks
For feedback, complaints, or inquiries, contact us.




© Copyright 1997-2016 INQUIRER.net | All Rights Reserved