Local Market Closed Up

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.

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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.

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