Southeast Asia Stocks Most Up; PSEi Up 0.35 Percent

PHILIPPINES – Most Southeast Asian stock markets rose on Thursday, after dropping in the previous close, while investors cautiously monitor the result of a meeting of the European Central Bank.

Stocks at the Philippine Stock Exchange (PSE) were up in today’s session, with the Philippine Stock Exchange Index (PSEi) gaining 0.35 percent, or 24.88 points, to end the day at 7,117.78.

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The wider All Shares index also rose by 0.49 percent to end the day at 4,104.09 points. Mining and Oil stocks performed the best today with a 1.34 percent gain, registering a total value of 11,386.08 points at the close.

MJC Investments Corporation (PSE:MJIC)’s stock was the top gainer in today’s trading, advancing by 34.88 percent to trade at Php3.79 a share at the close.

For blue chips, Megaworld Corporation (PSE:MEG) topped today’s gainers with a 3.60 percent rise to close at Php4.60 a share.

Around Southeast Asia, Singapore rose 0.41 percent while Bangkok posted a slight gain of 0.02 percent. Vietnam’s benchmark VN Index also closed up 0.8 percent, its biggest percentage gain in two weeks.

Kuala Lumpur and Jakarta, however, declined by 0.12 percent and 0.45 percent, respectively. – BusinessNewsAsia.com

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