The PSEi inched higher by 1.51 points or 0.04% to end at 3,877.63. The benchmark
index fell by 60 points in the open before rallying midday in the session.
Index gainers outnumbered losers 15 to 12, while 3 remained unchanged. The
Financial Sector (+1.60%) was the strongest sub-index led by MBT (+4.20%), and
BDO (+1.80%). Other significant gainers on Thursday included URC (+5.54%), MPI
(+4.20%), and MEG (+4.03%). Meanwhile, the biggest losers were SMC (-2.56%), JFC
(-2.44%), SM (-2.42%), and MWC (-2.32%).
Value turnover slowed to Php5.18Bil from Php7.06Bil on Thursday. Foreigners
continued its selling spree as they liquidated Php1.05Bil worth of shares.
via www.citiseconline.com
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