USD/PhP: 43.505 - 0.255 PSEi: 4196.73 + 25.03
USD/JPY: 83.08 PFINC: 951.94 + 2.18
EUR/USD: 1.3855 BDO: 60.55 + 0.05
GBP/USD: 1.5893 BPI: 55.35 - 0.50
PDSTF3M: 4.1288 MBT: 73.40 + 0.95
Prices as of 4:00pm Source: Bloomberg, Reuters
RP stocks hit new high
Local stocks regained their upward momentum to close at a new historic high on Wednesday, drawing fresh inspiration from the strong rally on Wall Street overnight.
The main-share Philippine Stock Exchange index added 25.03 points, or 0.6 percent, to close at 4,196.73.
The day's upswing was across all counters, but the mining/oil and services sub-indices benefited the most, rising by 2.72 percent and 1.19 percent, respectively.
There were 77 advancers as against 63 decliners while 45 stocks were unchanged. Value turnover amounted to P6 billion.
Source: www.inquirer.net
Jonathan Ravelas
Chief Market Strategist
(632) 858-3145
Rhys Cruz
Junior Researcher
(632) 858-3001
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