PH Stocks Close 2013 with Modest Growth

Manila—(PHStocks)—Philippine stocks closed the last trading day of 2013 on a slightly higher note amid optimistic outlook for 2014.

The bellwether Philippine Stock Exchange index (PSEi) gained a further 0.2% to reach 5,889.83 at the close of the trading day—and trading year, for that matter—today, 27 December. Compared to last year’s closing of 5,812.73, the index was up by a modest 1.33%.

The wider All-Shares index, meanwhile, went up by 0.33% to 3,614.32. However, this is 2.34% lower from last year’s close of 3,698.98.

On sectoral basis, the Holding Firms segment recovered by 0.28%, while the Financials and Mining and Oil sectors dropped by 0.11% and 0.19%, respectively. The Services index’s 0.75% uptick led today’s gaining sectors.

Trading was slightly moderate, with value turnover reaching PhP6.387 billion on 2.14 billion shares traded. There were 91 gainers against 70 losers, while 48 stocks remained flat.

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