PH Stocks Close Higher Ahead of Holidays

Manila—(PHStocks)—Philippine stocks recover Monday, 23 December, as investor confidence get a boost from news that the U.S. economy has grown faster than projected in the third quarter.

The Philippine Stock Exchange index (PSEi) went up by 0.34% or 19.75 points to close today’s trading at 5,854.88.

Not all counters recovered, however, as the Holding Firms segment further declined by 0.33% and while the Services sector drop by 0.1%. The gaining sectors, on the other hand, was led by Financials, which jumped by 1.48%. The Mining and Oil followed with a 0.88% gain, while the Industrial posted a 0.75% increase.

Value turnover reached PhP5.26 billion on 658 million traded shares. Foreign buying was PhP2.96 billion while foreign selling was PhP3.02 billion. There were 69 gainers against 86 losers, while 34 stocks were flat.

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