Local shares were slightly higher Wednesday, amid continuing oil price hikes brought about by the Libya effect. The bellwether Philippine Stock Exchange index (PSEi) gained 0.036% or 1.38 points to close at 3,855.52, while the wider all-shares index posted a 0.43% increase to 2,901.39 points.
In terms of sectoral indices, only the Property and Services sectors managed to stand firm, gaining 0.04% and 0.92%, respectively. The Mining & Oil index shed 0.99% or 141.46 points.
Trading volume reached 1.18 billion, valued at PhP3.57 billion, on 12,691 trades. There were 57 gainers against 74 losers, while 52 stocks remain flat.
Leading stock price gainers for the day are as follows: