(philstar.com)
MANILA, Philippines (Xinhua) - The Philippine market rebounded Tuesday tracking the US market's upbeat performance. The bellwether Philippine Stock Exchange index climbed by 0.78 percent or 23.45 points to 3,028.46, while the all share index rallied by 0.65 percent or 12.36 points to 1,909.22.
Tuesday's trading volume improved to P2.55 billion ($55.3 million), with foreign investors consistently on the buying side at 493 million pesos (10.7 million US dollars).
Of the six counters, property shares and holding firms dipped.
Despite the selected rally in the six subindices, most issues finished on the positive note. A total of 80 stocks went up while only 40 slipped and 54 were unchanged.
Justino Calaycay of local brokerage Accord Capital Equities Corp. said Tuesday's performance was the result of the strong rally of the US market, backed by a series of positive reports like the higher manufacturing activity for December. READ MORE...
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