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Stocks hit 7,000 level, peso flat

The local stock barometer ended the first trading day of the month higher after rising to the 7,000-level ahead of the holidays while the peso ended sideways against the US dollar.

The Philippine Stock Exchange index (PSEi) rose by 3.21 percent, or 218.10 points, to 7,009.56 points.

All Shares trailed with a jump of 2.42 percent, or 99.39 points, to 4,199.67 points.

Most of the sectoral indexes also gained during the day, led by the Property counter with a 4.55-percent increase.

Holding Firms index posted an uptick of 4 percent, Services inched up by 3.20 percent, Industrial by 1.96 percent, and Mining and Oil by 1.40 percent.

Only the Financials ended the trade in the negative territory after it slipped by 0.78 percent.

Volume totaled to 4.04 billion shares amounting to P10.9 billion.

Gainers led losers at 119 to 102, while 35 shares were unchanged.

Meanwhile, the peso finished the day at 48.05 from 48.06 Friday last week.

Volume totaled to USD722.6 million, lower than the previous session’s USD783.4 million.*PNA

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