The benchmark Philippine Stock Exchange index (PSEi) gained 51.78 points, or 0.63 percent, to finish at 8,221.92 while the broader All Shares gauge ended 19.23 points higher at 4,851.09. File

Late bargain hunting props up share prices
Iris Gonzales (The Philippine Star) - September 27, 2017 - 4:00pm

MANILA, Philippines — Share prices recovered yesterday after the main composite index made a last minute turnaround as investors decided to look for bargains just before the market closed.

The benchmark Philippine Stock Exchange index (PSEi) gained 51.78 points, or 0.63 percent, to finish at 8,221.92 while the broader All Shares gauge ended 19.23 points higher at 4,851.09.

The rest of the counters closed in positive territory except for the services index, which ended 12.07 points lower.

Total value turnover stood at P10.46 billion. There were 106 advancing stocks and 103 decliners while 39 issues were left unchanged.

PSE chairman Jose Pardo said the PSE is hopeful of sustaining the rally. “We’re hoping the trend would continue,” he said Tuesday night.

Luis Limingan, managing director at Regina Capital, said “Philippine investors continued to clean and rebalance their portfolios ahead of the window dressing and the addition of Robinsons Retail Holdings into the 30 member index.”

The PSE has announced that Energy Development Corp. will be removed from the PSEi as its free float level dropped below the 12 percent minimum requirement to qualify as a main index constituent.

Philstar
Facebook
  • Latest
  • Trending
Latest
Are you sure you want to log out?
X
Login

Philstar.com is one of the most vibrant, opinionated, discerning communities of readers on cyberspace. With your meaningful insights, help shape the stories that can shape the country. Sign up now!

SIGN IN
or sign in with
Read and share the latest news
whenever and wherever you are.
Top Stories
Features the most relevant stories,
exclusive content, analyses and special reports.
As It Happens
Get bite-sized highlights and up-to-date
information as the news breaks.
Latest
View the most recent
stories of the day.
Log-in
Lorem ipsum dolor sit amet,
consectetur adipiscing elit.
Quisque justo est, auctor vel ullamcorper.
Log-in
Lorem ipsum dolor sit amet,
consectetur adipiscing elit.
Quisque justo est, auctor vel ullamcorper.
How to follow As It Happens stories
STEP 1
Click the story in the As it Happens section.
How to follow As It Happens stories
STEP 2
Click "Follow Story" for updates on the news.
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Aliquam eu metus vitae felis tincidunt finibus ut id sapien. Integer volutpat dui eu malesuada dignissim. Sed varius justo nulla, fringilla convallis sem porta sed.
How to follow Author
STEP 1
Click on the author's name in the article.
How to follow Author
STEP 2
Once you click on the author's name, you will be
brought to the Authors page. Click "Follow Author"
to stay updated on the author's works
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Aliquam eu metus vitae felis tincidunt finibus ut id sapien. Integer volutpat dui eu malesuada dignissim. Sed varius justo nulla, fringilla convallis sem porta sed.
How to follow Tags
STEP 1
Click on a tag in the article.
How to follow Tags
STEP 2
When you click on a tag, it will take you to the
dedicated tag page where you'll see the article
viewed, along with other stories with that tag.

Click the "follow tag" button to stay updated on
the topic.
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Aliquam eu metus vitae felis tincidunt finibus ut id sapien. Integer volutpat dui eu malesuada dignissim. Sed varius justo nulla, fringilla convallis sem porta sed.