Market gains 0.76%
PHILIPPINE stocks rose on Friday, moving in lockstep with positive sentiments across the region as a vote on whether Britain will leave the European Union was suspended following the murder of a Member of Parliament.
The benchmark Philippine Stock Exchange Index rose 0.76 percent, or 57.6 points, to 7,622.07 in on Friday’s close.
The broader all-shares index was also up 0.71 percent to 4,549.27.
Positive sentiments lifted all subsectors, except mining and oil, which sank 0.53 percent.
Leading gainers were industrial companies, up 1.54 percent; services, up 1.18 percent, and financials, up 0.83 percent.
A total of 2.58 billion shares valued at P10.78 billion changed hands on Friday.
PSE data showed that 114 companies gained, while 68 declined and 54 closed unchanged.
JG Summit Holdings Inc. led the list of most actively traded stocks. It, however, fell 0.48 percent to P83.40 per share.
This was followed by SM Prime Holdings Inc., up 0.2 percent to P25.45, Ayala Land Inc., up 1.32 percent to P38.35, PLDT Inc., up 0.40 percent to P2,030, and Globe Telecom, down 0.26 percent to P2,284. Miguel R. Camus
