Philippine Stocks Open Higher on All Souls’ Day

Stock Market

PHILIPPINES – Philippine stocks traded at the Philippine Stock Exchange (PSE) opened higher on Monday’s bell even as most Filipinos are still observing All Souls’ Day.

The Philippine Stock Exchange Index (PSEi) was up 0.56 percent, gaining 39.63 points during the opening bell, while the wider All Shares gained 0.43 percent in the first few minutes of trading.

All of the Indexes were in the green, with Holding Firms gaining the most at 0.90 percent, or 58.94 points.

 

Among the blue chips, Aboitiz Equity Ventures Inc (PSE:AEV) posted the highest early gains at 2.86 percent, with its stock trading at Php57.6 apiece from Friday’s Php56.

SM Investments Corporation (PSE:SM) was at the bottom with a decline of 0.91 percent, trading at Php867 a share.

In all shares, Omico Corporation (PSE:OM) was the early leader with an 11.86 percent gain while Del Monte Pacific Ltd (PSE:DMPL) leads the decliners with a 6.36 percent fall. – BusinessNewsAsia.com