The PSEi rose on Monday, advancing 17.82 points or 0.42% to close at 4,307.99. The benchmark index managed to end in green despite most Asian indices falling.
Index gainers outnumbered decliners 18 to 9, while 3 issues closed flat. The industrial sector (+0.89%) recorded the biggest gain among all sub-indices, buoyed by MER (+2.75%), URC (+2.34%), FGEN (+2.26%), and AP (+2.00%). Other notable performers were ALI (+1.94%) and AEV (+1.91%). AEV advanced following reports that it has bought an additional 7.67Mil shares in Union Bank (UBP) last week. Meanwhile, BEL (-4.71%), SMDC (-2.58%), and PX (-2.81%) all fell sharply, dragging the property (-0.26%) and mining & oil sectors (-0.70%) down.
Value turnover dropped to Php2.99Bil from Php4.97Bil on Friday. Foreigners were net buyers during the session, accumulating Php226.37Mil worth of shares.
via www.citiseconline.com
via www.citiseconline.com
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