Tuesday, April 15, 2014

Banking issues lift market




5:33 am | Wednesday, April 16th, 2014





The local stock barometer returned to positive territory on Tuesday on the back of upbeat US economic data.


The main-share Philippine Stock Exchange index (PSEi) gained 32.11 points or 0.49 percent to close at 6,621.66.


All counters ended higher, led by the financial sub-index (+1.17 percent).


Value turnover for the day amounted to P7.05 billion. There were 107 advancers that beat 70 decliners while 44 stocks were unchanged.


The day’s gains were led by BPI and Metrobank, which both rose more than 2 percent, thereby lifting the financial counter.


SM Prime (+1.18 percent) likewise contributed to the day’s gains together with PLDT, SM Investments Corp., BDO, Alliance Global Inc., Ayala Land and DMCI.


Outside the main index, Nickel Asia (+1.3 percent), Cosco (+2.25 percent) and Security Bank (+0.27 percent) rose in heavy volume.


For its part, Nickel Asia is benefiting from the rise in global nickel prices as a result of Indonesia’s ban on ore export.


On the other hand, Megaworld, Ayala Corp., Petron, ICTSI, Globe and Aboitiz Power ended lower. Doris C. Dumlao



Follow Us







Recent Stories:


Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: Alliance Global Inc. , Ayala Land , Bank , Banking Issues , BDO , BPI , DMCI , Philippine Stock Exchange index , PLDT , PSEi , SM Investments Corp. , US Economic Data



Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:




seo tools
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)