Philippine stocks surge Thursday on Wall Street rally

16:43, July 08, 2010      

Email | Print | Subscribe | Comments | Forum 

The Philippine market jumped to its highest level this year tracking the sharp gains in the U.S. equities.

The bellwether Philippine Stock Exchange index rose Thursday by 1.43 percent or 48.08 points to 3,398.16, while the broader all- share index gained 1.12 percent or 23.85 points to 2,148.46. Trading volume reached 1.43 billion shares worth 3.98 billion pesos (85.64 million U.S. dollars).

Foreign investors however continue to be heavy sellers with 279 million pesos (6 million U.S. dollars).

Most investors were engaged in buying than selling as shown by the 60 shares that improved their value as oppose to the 32 stocks that finished lower. A total of 71 shares meanwhile did not move.

All subsectors, except the mining and oil counter, closed higher.

【1】 【2】


  • Do you have anything to say?


Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • On Sept. 28, tourists travel around the Mingshashan Scenic Area in Dunhuang, Gansu province by camel. With the National Day vacation right around the corner, more and more tourists from home and abroad are going to Dunhuang. Riding on a camel, they travel in the desert to enjoy the cities rare form of natural scenery. (Xinhua/Zhang Weixian)
  • Chinese forest armed forces work together with forest firefighters on Sept. 28. (Xinhua/Chai Liren)
  • Photo taken on Sept. 29, 2011 shows strong wind blows trees in Sanya, south China's Hainan Province. Typhoon Nesat heads towards south China and is moving at an average wind speed of 20 km per hour toward the west coast of China's Guangdong Province. (Xinhua/Hou Jiansen)
  • A fallen tree is seen on a road in Qionghai, south China's Hainan Province, Sept. 29, 2011. Typhoon Nesat was predicted to land in Hainan later Thursday, bringing heavy rainfalls to the island. (Xinhua/Meng Zhongde)
  • Arash Kamalvand (L) of Iran spikes the ball during the semifinal against South Korea at the 16th Asian Men's Volleyball Championship in Tehran, Iran, Sept. 28, 2011. Iran won 3-1 to advance to the final. (Xinhua/Ahmad Halabisaz)
  • A man visits "Thy Word Is Truth, the Bible Ministry Exhibition of the Protestant Church in China", during its opening at Mount Vernon Place United Methodist Church in Washington DC, capital of the United States, Sept. 28, 2011. Through the Bible's various Chinese versions, ancient or modern, as well as pictures, paintings, calligraphy, art works and historical documents, the exhibition was expected to give an overall understanding of how Bible was brought into China, how it was translated, published, distributed and loved. (Xinhua/Zhang Jun)
Hot Forum Discussion