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PSE INDEX IN FRACTIONAL RISE

The Philippine Stock Exchange (PSE) index was up fractionally, helped by the big share of holding firms in the composite index to counter the losses in the five others sectors, finishing with a 4.33 point rise or 0.06 percent to 6,814.67 points.

The holding firms went up by 1.14 percent to counter the losses in the financials, which were down 0.93 percent; industrial, by 0.79 percent, services by 0.69 percent, mining and oil, down 1.24 percent, and property, down 0.56 percent.


Total value turnover hit P10.667 billion with 167 decliners, 64 gainers and 37 shares unchanged.


Market bellwether SM Investments was up by P26 to P1,060, while Ayala Corp rose by P2 to P762, Metro Pacific, by 4 centavos to P4.19, as profit taking was fairly evident in the 7 centavo drop in Nickelasia to P6.25; PLDT by P8 to P1,313, and Globe Telecom by P59 to P1,977.


Both Globe and PLDT had foreign selling of P86 million and P67 million respectively.


Dito CME was the most active stock with trades of P1.97 billion, as it declined by 32 centavos to P17.80, followed by Premiere Horizon, with trades of P1.14 billion, as it closed at P2.91, down by 25 centavos. Market darling MerryMart was up 10 centavos to P7.03.


Net foreign selling stood at P1.2 billion with foreign buying of P1.779 billion and foreign selling of P3.02 billion.



WEEKLY FEATURE : BONNER DYTOC SHOWS THE WAY IN STOCK PLAY


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