17 October 2011
USD/PhP: 43.115 - 0.26 PSEi: 4214.45 + 61.05
USD/JPY: 77.375 PFINC: 954.39 + 12.92
EUR/USD: 1.391 BDO: 54.40 + 1.40
GBP/USD: 1.584 BPI: 57.85 + 1.35
PDSTF3M: 2.825 MBT: 69.05 + 0.65
Prices as of 4:00pm Source: Bloomberg, Reuters
Philippine stocks up 1.47%
By: Paolo G. Montecillo
Philippine Daily Inquirer
Local shares opened the week in the green with the benchmark Philippine
Stock Exchange Index up 1.47 percent, or 61.05 points, to 4,214.45,
extending one of the longest rallies since the start of the year.
The broader all-share index climbed by 0.95 percent, or 27.84 points, to
2,970.91 as all gained, led by mining and oil that surged by 3.04 percent,
followed by property that rallied by 2.34 percent. This marked the seventh
straight day for the main index has closed higher.
The main index also breached the 4,200 mark for the first time in three
weeks.
Holding firms and financials were also up by 2.30 percent and 1.37 percent
respectively. Advancers trumped decliners 106 to 40, while 32 stocks ended
unchanged.
BDO UNIBANK, INC.
Jonathan Ravelas
Chief Market Strategist
(632) 858-3145
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