PSEi rises; peso steady vs dollar

The Philippine Stock Exchange index (PSEi) rose on Thursday, increasing by 0.73 percent to 7,154.43 points due to hopes for new US stimulus measures.

All Shares jumped by 0.42 percent while sectoral indexes showed mixed performance with Property and Holding Firms rising but Industrial and Financials declining slightly.

Volume totaled PHP7.64 billion in Thursday's trading session with gainers leading losers at 121 to 108, and 41 shares unchanged.

On Monday, the PSEi gained 0.97 percent to 7,203.67 points as traders positioned for the new year, with all counters finishing with gains led by Industrial and Property sectors.

Volume on Monday was PHP9.56 billion with gainers leading losers at 122 to 114, while the peso remained nearly unchanged against the US dollar at 48.08.

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