17 January 2011
USD/PhP: 44.49 + 0.26 PSEi: 4148.16 + 16.12
USD/JPY: 82.92 PFINC: 928.35 - 0.94
EUR/USD: 1.3317 BDO: 56.45 + 0.45
GBP/USD: 1.5867 BPI: 57.55 - 0.20
PDSTF3M: 1.2327 MBT: 64.75 - 0.95
Prices as of 4:00pm Source: Bloomberg, Reuters
PH stocks firm up
By Doris Dumlao
Philippine Daily Inquirer
MANILA, Philippines—Local stocks opened the week in an upbeat mood as investors hunted for bargains following last week's steep fall.
The main-share Philippine Stock Exchange index added 16.12 points or 0.39 percent to 4,148.16.
Investors loaded up on shares of blue chips and second-liner stocks that pulled back last week.
Monday’s upswing was led by the industrial and property counters which both surged by around 1.37 percent. Only the financial counter traded in the red.
Value turnover stood at P5.05 billion. There were 81 advancers that edged out 64 decliners while 38 stocks were unchanged.
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