MANILA – The Philippine Stock Exchange index (PSEi) started the week up after tracking its US counterparts while the peso ended the trade sideways against the greenback.
The main equities index rose by 1.16 percent, or 78.95 points, to 6,913.87 points.
All other counters mirrored the main index’s performance, with the All Shares up by 0.84 percent, or 35.48 points, to 4,270.02 points.
Holding Firms led the sectoral indexes after it rose by 1.62 percent.
It was followed by the Mining and Oil index which rose by 1.39 percent; Services, 1.34 percent; Property, 0.96 percent; Industrial, 0.79 percent; and Financials, 0.66 percent.
Volume totaled 2.09 billion shares amounting to PHP4.84 billion.
Decliners led advancers at 106 to 94, while 54 shares were unchanged.
“Philippine shares kicked off Monday on a high note with shares trading back in the 6900 range with a spillover from sentiment after a bullish Friday that saw the Dow (+1.30%) and S&P 500 (+1.13%) climbing to record levels anew,” said Luis Limlingan, Regina Capital Development Corporation head of sales.
Meanwhile, the peso ended the day at 50.12 against the US dollar, little changed compared to its 50.08 close last Friday.
It opened the day at 50.05 and traded between 50.16 and 50.03.
The average level for the day stood at 50.111.
Volume reached USD664.2 million, lower than the USD859.7 million at the end of last week. (PNA)
