• By The Financial District

PSE INDEX SUSTAINS RISE

The Philippine Stock Exchange (PSE) index sustained its rally for the second day today even with the continued selling by foreign investors closing at a smallish 9.42 points or 0.15 percent increase to 6,326.83 points, after recovering at the close from a losing standpoint.

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Net foreign selling amounted to P347 million on foreign buying of P1.713 billion and foreign selling of P2.061 billion, with the financials down 0.31 percent, the mining and oil, losing 2.93 percent, and the industrials, declining by 0.15 points.


The holding firms rose by 0.29 percent, services, by 0.003 percent, and the property index, up by 0.29 percent.


All the news: Business man in suit and tie smiling and reading a newspaper near the financial district.

BDO Unibank closed higher by 50 centavos to P106 with a second-best active of P291 million in trades, helped by foreign buying of P79 million.


Metrobank, on the other hand, keeled on foreign selling of P57 million to finish the day at P43.60, down by 40 centavos on trades of P133 million.


Market bellwether SM Investments gained a peso to P940 boosted by P43 million in foreign buying out of its P167 million trade.


Market & economy: Market economist in suit and tie reading reports and analysing charts in the office located in the financial district.

Likewise, telcos PLDT and Globe went up by P29 to P1,264 and a peso to P1,860, respectively.


PLDT had foreign buying of P14 million while Globe had foreign selling of P43 million.


Value turnover was at a low P4.638 billion with 82 gainers, 122 losers, and 43 shares unchanged with Ayala Energy posting a 14-centavo rise after its follow-on offer of P6.50 per share, while Dito CME declined by 16 centavos to P9.50 per share.


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