The benchmark Philippine Stock Exchange index rose by 1.46 points, or 0.02 percent, to close at 6,305.99, the while broader all-shares index went up 6.5 points, or 0.19 percent, to finish at 3,405.52.
China Bank Capital managing director Juan Paolo Colet said the PSEi inched up on market-on-close buying after trading in the red for most part of the day’s session. “The move was helped by a surge in trades of Union Bank of the Philippines and Nickel Asia Corp. as institutional funds prepared for the changes to the PSE benchmark that will take effect on Wednesday,” Colet said.
Nickel Asia is set to replace Aboitiz-led UBP in the 30-company PSEi following to the bank’s non-compliance with the 20-percent minimum free float required for index inclusion.The Department of Energy said Tuesday it received 25 applications for 13 of 20 pre-determined areas under the...The National Development Company , an attached agency of the Department of Trade and Industry tasked to support companies...
Manila Standard website , launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry.
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