PSEi, peso up after two-day trading break
MANILA – Both the Philippine Stock Exchange index (PSEi) and the peso finished Thursday better after a two-day trading suspension in line with the All Saints’ Day holiday.
PSEi rose for the fourth consecutive day and finished the day’s trade at 8,516.02 points, up by 1.80 percent or 150.76 points.
A trader pointed this to risk-on sentiment given the same trend on Wall Street.
The broader All Shares tracked the main index after it rose 1.33 percent, or 65.04 points to 4,956.97 points.
Most of the sectors also finished with gains led by the Financials, which rose 3.17 percent, followed by Holding Firms, 1.91 percent; Property, 1.76 percent; Services, 0.23 percent; and Industrial, 0.22 percent.
Only the Mining and Oil ended the day on the red after it fell 0.17 percent.
Volume for the day reached 1.47 billion shares amounting to PHP9.5 billion.
Gainers led losers at 116 to 79 while 47 stocks were unchanged.
The peso finished the day at 51.42, way better than the 51.61 close last Oct. 30.
Its strong close was seen early on when it opened the day at 51.58 from 51.70 last Monday.
It traded between its opening level and 51.40, resulting in an average of 51.488.
A total of USD562.4 million changed hands, up from the USD421.8 million in the previous session. (PNA)