Thursday, September 20, 2018
  • share this

Local stocks track rise in regional markets

/ 05:07 AM September 12, 2017

The local stock barometer firmed up yesterday, tracking mostly upbeat regional markets as Hurricane Irma waned while investors awaited the United Nations’ decision on North Korea.

The main-share Philippine Stock Exchange index (PSEi) added 26.56 points or 0.33 percent to close at 8,049.31.


Across the region, stock markets were mostly firmer but investors remained cautious as the UN was set to vote on sanctions against North Korea in response to the latter’s nuclear tests.

At the local market, the gains were led by the industrial, holding firm, services and property counters, while the financial and mining/oil firms slipped.

Value turnover for the day amounted to P6.1 billion. There were 110 advancers that edged out 87 decliners while 50 stocks were unchanged.

The PSEi was led higher by Robinsons Land Corp., which rose by 2.36 percent, while FMCI, SM Investments Corp., Alliance Global and Puregold all rose by more than 1 percent.

BDO, Metrobank, Semirara, URC, GT Capital, Metro Pacific, SM Prime, ICTSI and Ayala Corp. also firmed up.

Outside the PSEi, notable gainers included Chelsea Logistics (+2.08 percent); Bloomberry (+2.06 percent) and PXP Energy (+4.95 percent).

On the other hand, BPI fell by 1.45 percent.

Amid lack of fresh catalysts, local stocks are seen to trade sideways this week.

Read Next
Don't miss out on the latest news and information.
View comments

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: Business, Local Stocks
For feedback, complaints, or inquiries, contact us.

© Copyright 1997-2018 | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.