PSEi rises despite ‘Glenda’ toll

Philippine Stock Exchange. AFP FILE PHOTO

MANILA, Philippines—The local stock barometer firmed up on Thursday as good tidings from Wall Street prevailed over the havoc wreaked by typhoon “Glenda” (Rammasun) over Luzon in the past two days.

The main-share Philippine Stock Exchange index added 33.32 points or 0.49 percent to close at 6,867.36 notwithstanding a typhoon that left at least 20 people dead.

All counters ended in positive territory led by the mining/oil counter, which went up by 1 percent.

Value turnover for the day amounted to P7.69 billion. There were 88 advancers that edged out 81 decliners while 50 stocks were unchanged.