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Article: Roundup: U.S. stocks rally boosts Philippine market sentiment
- Article from:
- Xinhua News Agency
- Article date:
- August 10, 2009
CopyrightCopyright 2009 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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Roundup: U.S. stocks rally boosts Philippine market sentiment
MANILA, Aug. 10 (Xinhua) -- The Philippine stocks on Monday
mimicked the performance of the U.S. market rally.
The bellwether Philippine Stock Exchange index rallied by 2.42
percent or 67.60 points to close at 2,850.58, while the all share
index rose by 2.05 percent or 36.34 points to 1,807.46.
Trading was above average because of the special block sales of
local telecommunication company Pilipino Telephone Corp. Some 6.81
billion shares worth 10.23 billion pesos (2.14 billion U.S. dollars)
were exchanged.
Foreign investors however were net buyers at 163 million pesos
(3.41 billion U.S. dollars).
All six subsector indices ...