The main index rose 97.34 points or 1.32 percent to close at 7,458.99 as the Property sector led the advance although the Industrial counter retreated. Volume firmed up to 1.53 billion shares worth P7.84 billion as gainers beat losers 123 to 81 with 47 unchanged.
He added that, “Back home, bank lending continued to improve in December… Also, BPI and UBP kicked off the earnings season last Jan. 31.” “The local market extended its rally as the easing of social restrictions in selected areas of the country including the National Capital Region, together with the country’s improving COVID-19 situation continued to fuel optimism towards the economy,” said Philstocks Financial Senior Supervisor for Research Japhet Tantiangco.
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