Quantcast
Latest Stories

Stocks end higher



The local stocks index rebounded yesterday on the back of selective buying despite a string of global uncertainties.

The main-share Philippine Stock Exchange index regained 24.46 points or 0.45 percent to close at 5,439.28, led by the property (+0.94 percent) and industrial (+0.76 percent) counters. This developed as some investors took advantage of the previous day’s pullback to pick up selected stocks.

The outperformers among PSEi stocks were Jollibee (+4.27 percent), ALI (+2.24 percent), FGen (+1.97 percent), Globe (+1.95 percent), EDC (+1.62 percent), JG Summit (+1.19 percent) and AC (+1.03 percent). Meralco, PLDT, Metrobank, BDO, SMIC, AGI and BPI also contributed to the day’s gains.

By counter, only the mining/oil sector ended in negative territory for the day, weighed down by Philex Mining (-3.43 percent).

DMCI, URC, Megaworld and SMC also ended in the red.

Value turnover amounted to P5.98 billion. There were 75 advancers against 74 decliners while 52 stocks were unchanged.

For the week, the main index was 0.5-percent lower as the climb to new record highs triggered some profit-taking.

Across the region, trading was mixed due to concerns over the “fiscal cliff” in the United States, referring to a situation wherein a number of expiring tax incentives would reduce budget spending and deficits but heighten the risk of recession. Doris C. Dumlao


Follow Us


Follow us on Facebook Follow on Twitter Follow on Twitter


Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: Business , Markets and Exchanges , Philippine Stock Exchange , Philippine stocks , PSE



Copyright © 2014, .
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
Advertisement
Advertisement

News

  • ‘I’ll make it,’ says young ferry passenger to family
  • Bad weather halts rescue after deadliest Everest disaster
  • Gigi Reyes has no other option but to turn state witness — Santiago
  • US weighing military exercises in Eastern Europe
  • Rains loom in Surigao as LPA nears
  • Sports

  • Nick Calathes suspension a reminder of supplement risk
  • Teague scores 28 as Hawks soar past Pacers in Game 1
  • Warriors beat Clippers in playoff opener
  • Pacquiao top Mayweather contender
  • Rain or Shine, Ginebra clash for No. 6 spot
  • Lifestyle

  • Noli Yamsuan, Cardinal Sin’s ‘official’ photographer: ‘I could smell the aftershave lotion of the Pope’
  • Simplifying and lightening life
  • Where to go for Easter night-out
  • Joe de Venecia visits the Queen Mother of Cambodia
  • Fashionistas flock to designer’s wedding
  • Entertainment

  • Show-biz celebrities’ other choices of summer getaway
  • Why ‘Noah’ can’t dock his ark at Philippine theaters
  • Acclaimed artist goes wild while on holiday
  • Believing in this mermaid
  • Missing Xian
  • Business

  • Top-selling insurance agent opens her dream café
  • Connecting and transacting with one another
  • Building wealth for health
  • Why Mandaue Foam buys, rather than rents, space
  • A workplace of new possibilities
  • Technology

  • Nasa’s moon-orbiting robot crashes down
  • Netizens pay respects to Gabriel Garcia Marquez
  • Nokia recalls 30,000 chargers for Lumia 2520 tablet
  • Facebook rolls out ‘nearby friends’ feature
  • Netizens seethe over Aquino’s ‘sacrifice’ message
  • Opinion

  • Epiphany
  • Unpaid creditor vs distressed debtor
  • Moving on
  • From culinary desert to paradise
  • Response to China: ‘Usjaphil’
  • Global Nation

  • Asia seeks Obama’s assurance in territorial spats
  • Cesar Chavez movie sparks memories of Fil-Am labor leaders
  • Filipinos in US poised for success
  • Visas for priests and other faith leaders
  • DOH to continue tracking co-passengers of OFW infected with MERS virus
  • Marketplace