The local market closed beyond the 6,600 mark, following positive developments in the US and China’s faster GDP growth.
The PSEi added 46.95 points, or +0.72%, to close at 6,607.83. Almost all sectoral indices ended in the green, led by services (+0.99%), holding firms (+0.97%), and mining and oil (+0.94%), while only property (-0.16%) lost today.
Market breadth was positive with 89 advances outnumbering 63 declines, while 37 stocks remained unchanged. Total value turnover totaled Php8.04 billion with foreign investors net sellers at Php0.17 billion.