MANILA – The local stock barometer and the peso both gained on Tuesday’s trading.
The Philippine Stock Exchange index (PSEi) rose by 18.92 points to 6,398.64, with all shares gaining by 10.87 points to 3,429.87.
Regina Capital Development Corp. head of sales Luis Limlingan said the local bourse mirrors the advances in equities in the United States ahead of the National Federation of Independent Business’ (NFIB) Small Business Optimism Index.
All sectors recorded growth except for Industrial, which declined by 28.27 points to 9,067.52.
Leading the gainers was Mining and Oil, the shares of which improved by 38.17 points to 9,864.04.
It was followed by Property, up by 32.04 points to 2,587.77; Holding Firms, 9.27 points to 6,305.48; Services, 5.91 points to 1,560.87; and Financials, 3.80 points to 1,829.98.
The total value of shares traded reached PHP3.07 billion.
Gainers led losers at 96 to 87, with 41 firms left unchanged.
Meanwhile, the peso gained 0.44, ending the day at 55.25 to the US dollar, compared to the previous day’s closing of 55.69.
The local currency opened the day slightly weak at 55.58 from its kick-off of 55.55 on Monday.
The currency pair traded between 55.23 and 55.63, bringing the day’s average at 55.39 to the dollar.
The volume of trade was also higher at USD1.26 billion from USD748.65 million the previous day. (PNA)
