The PSEi posted strong gains on Wednesday as it rose by154.9 points or 4.16% to close at 3,876.12.
After falling by 13.6% starting from last week, the benchmark index rallied as there were 25 gainers, 3 losers, and 2 unchanged issues in the latest trading session. The market rally was led by the Mining & Oil sector (+7.53%), and by the Holding Firm sector (+5.42%). Constituting the top five gainers were SM (+14.56%), PX (+10.18%), DMC (+8.87%), AGI (+6.65%) and SCC (+6.10%). On the other hand, the only losers were BEL (-3.64%), MPI (-2.96%), and MWC (-0.32%).
Value turnover increased to Php7.06Bil from Php5.28Bil on Wednesday. Foreigners were still net sellers as they liquidated Php699Mil worth of shares.
via www.citiseconline.com
via www.citiseconline.com
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