MANILA - As the market digests news of stabilizing inflation, the main equities index came back to life yesterday.
After a two-day slide, the Philippine Stock Exchange index (PSEi) recovered and gained 0.52 percent, or 41.85 points, to 8,100.30 points.
The main gauge rose ahead of the Monetary Board’s announcement that it would be keeping key rates steady for the moment.
The broader All Shares mirrored the main index’ rise after it went up by 0.27 percent, or 13.09 points, to 4,906.57 points.
Most of the sectors also gained during the day, led by the Holding Firms, 1.06 percent; and was followed by the Financials, 0.25 percent; Property, 0.17 percent; and Mining and Oil, 0.005 percent.
Both the Industrial and Services, meanwhile, dropped by 0.04 percent.*PNA
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