The Philippines stock market index hits another above 6500 mark. Market index went up 154.60 points or 2.41 percent to end the morning session at 6,561.96. Previous records was on July 1 and 5, reaching 6526.62 and 6500.48 points respectively.
Stock market extends rally, returns above 6,500-mark
"Philippine share prices on Friday extended their rally in morning trade, tracking the overnight gains on Wall Street after the Federal Reserve reassured investors it would continue to prop up the recovering US economy.
At the Philippine Stock Exchange, the benchmark index went up 154.60 points or 2.41 percent to end the morning session at 6,561.96.
All counters were in the green with the financial, property and holding firm counters rising more than two percent each.
Advancers beat decliners, 107 to 35, while 36 issues were unchanged. A total of 660.93 million stocks worth P3.31 billion changed hands.
Actively traded stocks were PLDT, Megaworld, Ayala Corp, SM Prime and Metrobank. Top gainers were MJCI Investments, PAL Holdings and ATN Holdings, while the biggest losers were Ionics, ATN Holdings and Highlands Prime." - Source: interaksyon.com/business
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