“The price surge was mostly caused by hopes of faster demand recovery on the back of the release of COVID-19 vaccines, which offset the rise in US crude inventories,” he said.
The holding firm counter and mining/oil counters both added over 1 percent, while the financial, industrial and services all firmed up by less than 1 percent.There were 155 advancers that edged out 77 decliners, while 40 companies were unchanged. Metrobank and SM Prime both rose by over 2 percent, while BDO, SM Investments, Metro Pacific and URC all added over 1 percent.Outside the PSEi, notable gainers included Premiere Horizon, which surged by 16.67 percent in heavy volume.
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