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PH stocks index recovers, peso keeps footing vs. greenback

MANILA - Bargain hunting lifted the Philippines' main stocks gauge on Tuesday and the peso managed to close the day sideways against the US dollar. The Philippine Stock Exchange index (PSEi) rose by 0.56 percent, or 40.56 points, to 7,252.10 points. Also, All Shares jumped by 0.44 percent, or 19.68 points, to 4,456.52 points. The majority of the sectoral indexes tracked the main index led by the Services, 1.90 percent and was followed by the Industrial, 1 percent; Financials, 0.52 percent; Mining and Oil, 0.48 percent; and Holding Firms, 0.35 percent. Only the Property index finished the day on the red after it slipped by 1.23 percent. Volume remains thin at 834.55 million amounting to PHP6.43 billion. Decliners again led advancers at 110 to 89 while 52 shares were unchanged. "Philippine shares rebounded on bargain hunting as investors digested new earnings from index names, with BDO and MER being the latest to report while awaiting the next batch companies reporting," Lu ....

Luis Limlingan , Manila Electric Company Meralco , Unibank Inc , Holding Firms , Regina Capital Development Corporation , Philippine Stock Exchange , All Shares , Manila Electric Company , Manila Bargain Hunting Lifted The Philippines 39 Main Stocks Gauge On Tuesday And Peso Managed To Close Day Sideways Against Us Dollar Philippine Stock Exchange Index Psei Rose By 0 56 Percent , R 40 56 Points , O 7 , 252 10 Points Also , Ll Shares Jumped By 0 44 Percent , R 19 68 Points , Mo 4 , 456 52 Points The Majority Of Sectoral Indexes Tracked Main Index Led By Services , Ith Bdo And Mer Being The Latest To Report While Awaiting Next Batch Companies Reporting , Uot Luis Limlingan , Egina Capital Development Corporation Head Of Sales , Said On Monday , Y Led Bdo Unibank Inc Reported The Rise Of Its Net Income To Php32 4 Billion As End September This Year Compared Php16 6 Billiona Ago Due Partly In Gross Customer Loans Also , Anila Electric Company Meralco Reported An 11 Percent Rise In Consolidated Revenues The First Nine Months This Year To Php231 7 Billion While Core Net Income Inched Up By 15 Php18 1 Limlingan Said Positive Sentiments Local Bourse Were Also Boosted Same Trend Overseas Quot As Us Equities Continued Challenge All Time Highs Relatively , He Peso Finished The Trade At 50 761 From 68a Day Ago It Opened Little Changed 7 And Traded Between 795 63 Average Level For Stood 721 Volume Totaled Usd956 389 Million , Igher Than The Previous Session 39s Usd923 4 Million Pna ,