PH Stocks Extend Gains on US Rebound

Manila—(PHStocks)—Philippine stocks were up for the third straight session Tuesday, 17 December, as investors continue to take position amid the downtrend last week and a strong rally in US stocks.

The Philippine Stock Exchange index (PSEi) closed at 5,928.99, up by 2%. All counters were in the green, led by the Industrials, which gained 2.83%. The Financials followed with a 2.32% gain, while the Holding Firms segment posted a 2.3% increase. The Mining and Oil segment, which shed 1.88% yesterday (16 December), recovered today, edging higher by 1%.

Trading was slightly heavy today, with value turnover reaching PhP9.3 billion on 898 million traded shares. There were 105 gainers against 52 losers, while 40 stocks remained flat.

Top most active in terms of value:

Top gainers:

Top decliners:

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