Local market is on a upswing again after a 3-day winning streak. Philippine Stocks Exchanges main index PSEi ended its Wednesday trading in a high note adding 1.22% or 86.19 points at 7,152.22. This is the 3rd straight day that the PSEi is on the green zone since it’s bloody close last Friday October 17.
According to market watchers the boost in Philippine Stocks is brought about by the upswing in the US market.
All market indices ended up in today’s trading with the Property index gaining the most with its additional 2.48% or 67.31 at 2,785.40. Following the Property index in the Financials index which closed at 1,693.74 or an additional of 2.17% or 35.94 points. The least gainer on the other hand was the Holding Firms at 6,169.00, 0.22% increase or 13.63 points. The other indices’ closing values were All Shares index 4,218.29 (41.06 points, 0.98%), Industrial index 11,398.44 (62.92 points, 0.22%), Services index 2,177.69 (23.13 points, 1.07%), Mining and Oil index 15,878.30 (150.28 points, 0.96%).
Most active stocks is lead by PLDT which ended at the value of 621,662,850.00. Top gainer belongs to Benguet Corporation at 50% increase and top loser was Makati Finance Corporation at -19.84%. Advancers almost doubles decliners at 111-67 with 41 unchanged.
Total volume turnover is at 3,308,008,738 with the value of 6,695,170,640.00