PSEi up as large banks open new earnings season with hope

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The benchmark Philippine Stock Exchange index (PSEi) rose for a second straight session, ending above 6,600, as large banks advanced on bets the sector will continue to outperform. | miguelrcamusINQ /PDI

Property added 1.29 percent, followed by holding firms ; mining and oil ; and industrial . Services slumped 0.27 percent.Jollibee Foods Corp. was up 1.49 percent to P258.80; Ayala Land Inc., up 3.65 percent to P27; BPI, up 0.97 percent to P114.50; and SM Investments Corp., up 2.06 percent to P940 per share.

International Container Terminal Services Inc. was down 0.77 percent to P206; SM Prime Holdings Inc., up 0.30 percent to P33.10; Metro Pacific Investments Corp., flat at P4.92; Wilcon Depot Inc., down 1.63 percent to P24.10; and Ayala Corp., up 1.29 percent to P628 per share. Overall, there were 99 advancers against 81 losers while 44 companies closed unchanged, data from the stock exchange also showed.Subscribe to our daily newsletter

 

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