PSEi up 0.4 in thin trade

The Philippine Stock Exchange index (PSEi) rose by 0.4% on Thursday, closing at 5,604.49, while the broader all-shares index gained 0.1% to 3,374.96.

Holding firms, industrial companies, and services advanced, but financials, property, and mining sectors declined.

Trading volume was thin with 450.18 million shares valued at PHP 4.73 billion changing hands, compared to a lighter session on Wednesday where 316.6 million shares were traded for PHP 3.3 billion.

SM Prime Holdings was the most actively traded stock, losing 2.36% to P28.95 per share, followed by Puregold Price Club Inc., BDO Unibank Inc., Globe Telecom, and Ayala Land Inc.