Philippine News Agency
PH stocks gauge rises; peso ends sideways vs. USD
The Philippine Stock Exchange index (PSEi) rose on hopes for new stimulus measures in the United States, closing at 7,154.43 points.
The All Shares index also increased by 0.42 percent to 4,270.92 points.
Sectoral indexes showed mixed performance, with Property, Holding Firms, and Services gaining, while Industrial, Financials, and Mining and Oil declined.
The peso ended sideways against the US dollar.
Trading volume totaled 150.03 billion shares amounting to PHP7.64 billion.
Gainers outnumbered losers at 121 to 108.
Global oil prices remained almost unchanged, with investors considering US crude stockpile increases against optimism for a vaccine-fueled recovery in oil demand.
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The Philippine Stock Exchange index (PSEi) rose on Monday, inching up by 0.49 percent to 7,281.35 points, driven by investor optimism for a US stimulus program, a BSP meeting, and the Christmas rally.
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Local shares rebounded on Wednesday, with the Philippine Stock Exchange index (PSEi) gaining 0.99% to close at 7,299.70, driven by improved investor sentiment following the Bangko Sentral ng Pilipinas' data on overseas Filipino worker remittances.
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The Philippine Stock Exchange index (PSEi) declined on Friday due to investor reactions to higher-than-expected inflation data for November.
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Philippine stocks declined due to profit-taking in blue chips, with the PSEi dropping 101.02 points or 1.4% to close at 7,102.66.
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