Local shares rallied strongly on Thursday, with the bellwether Philippine Stock Exchange index (PSEi) gaining 1.6% or 60.34 points to close trading day at 3,834.05 points. The wider all-shares index is likewise on an uptrend, posting a 1.19% increase to 2,887.6 points.
The sectoral indices also did well for the day, with the Services sector continuing to lead the pack with a 2.96% gain. The Holding Firms sector ended Thursday trading with a 2% growth, while the Property sector posted a 1.45% gain.
Trading volume reached 2.04 billion, valued at PhP4.3 billion, on 13,038 trades. There were 95 gainers against 33 losers, while 43 stocks remain unchanged.
Leading stocks for the day are as follows: