"Philippine share prices continued its upswing on Friday, spurred by the general positive mood in the US and Asian bourses.
The benchmark 30-company Philippine Stock Exchange index surged 43.95 points or 1.04 percent to 4,274.51 while the all shares soared 20.13 points or 0.68 percent to 2,979.62.
Market breadth was bullish with 71 gainers against 48 losers and 49 stocks which closed unchanged.
Except for Financials, which slipped 0.45 percent, all other five sectoral indices closed in the green. Mining and Oil led with a 4.82-percent rise.
Volume traded reached 6.977 billion shares valued at P4.769 billion.
'Investors will have very little to look forward to and borrow hints from the Dow's action and a couple of 'high-impact' numbers on GDP (gross domestic product) and inflation in the next two weeks,' said trader Justino Calaycay Jr. of Accord Capital Equities."
The benchmark 30-company Philippine Stock Exchange index surged 43.95 points or 1.04 percent to 4,274.51 while the all shares soared 20.13 points or 0.68 percent to 2,979.62.
Market breadth was bullish with 71 gainers against 48 losers and 49 stocks which closed unchanged.
Except for Financials, which slipped 0.45 percent, all other five sectoral indices closed in the green. Mining and Oil led with a 4.82-percent rise.
Volume traded reached 6.977 billion shares valued at P4.769 billion.
'Investors will have very little to look forward to and borrow hints from the Dow's action and a couple of 'high-impact' numbers on GDP (gross domestic product) and inflation in the next two weeks,' said trader Justino Calaycay Jr. of Accord Capital Equities."
