by pna - The local stocks ended Wednesday with gains contrary to the performance of the peso, with the latter traced to additional negative
news from the euro zone.
The composite index rose by 2.06 points or 0.04 percent to 5,161.80 points from the previous day’s 5,159.74 points.
Also, the all shares index increased by 3.57 points or 0.10 percent to 3,436.33 points from 3,432.76 points Tuesday.
Half of the sectoral indices posted gains and these are the
financials, services and property while the industrial, holding firms, and mining and oil registered losses.
Value turn-over reached P4.91 billion after 1.26 billion share changed hands.
Losers edged gainers at 77 to 76 while 46 stocks were unchanged.
Meanwhile, the peso lost P0.14 against the dollar after closing at 42.18 from Tuesday’s 42.04.
It started the day at 42.13 and traded between 42.25 and 42.08 resulting to an average of 42.14 for the local unit.
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