USD/PhP: 43.30 - 0.205 PSEi: 4245.05 + 48.26
USD/JPY: 82.40 PFINC: 957.52 + 5.62
EUR/USD: 1.3987 BDO: 60.50 - 0.50
GBP/USD: 1.5907 BPI: 55.35 unch
PDSTF3M: 4.0788 MBT: 75.00 + 1.60
Prices as of 4:00pm Source: Bloomberg, Reuters
RP stocks soar higher
Local stocks rallied to a new all-time high to breach the 4,200 level on Thursday as investors continued to seek better yields amid record-low interest rates.
The main-share Philippine Stock Exchange index racked up 48.26 points or 1.15 percent to 4,245.05.
The upswing was led by the holding firms and services counters which surged by 1.9 percent and 1.2 percent, respectively.
Value turnover, however, was relatively thinner at P5 billion compared to an average of over P6 billion since mid-September.
There were 54 gainers against 70 decliners and 56 unchanged stocks.
Source: www.inquirer.net
Jonathan Ravelas
Chief Market Strategist
(632) 858-3145
Rhys Cruz
Junior Researcher
(632) 858-3001
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