Philippine stocks rose Friday as investors placed bets amid the steady stream of 2014 corporate results being released.
The benchmark Philippine Stock Exchange index (PSEi) inched up by 0.28 percent, or 22.11 points, to 7,840.49. The broader all-shares index was also up 0.19 percent, or 8.47 points, to 4,537.78.
Most sub-indices ended in the green with only industrial firms and property ending in the red (-0.14 percent and -0.06 percent, respectively). Gainers were led by financial firms, up 0.38 percent.
Advancers and decliners were nearly matched, with 91 against 81, data from the PSE showed. A total of 51 companies closed unchanged.
A total of 1.02 billion shares changed hands for P8.83 billion.
Henry Sy’s SM Investments Corp. led the list of most actively traded stocks as it dipped 0.22 percent to P900 a share. Miguel R. Camus