Most stocks gained but main index dips as peso improves vs. dollar

June 29, 2012 10:42 pm 

By Joann Santiago

MANILA, June 29 – The local bourse ended this week with most of its shares gained on continued investors' risk aversion due to the euro crisis.

But the main composite index slid down 9.74 points, or 0.19 percent, to 5,246.41 points from day-ago’s 5,256.15 points.

The broader all shares index rose by 3,452.84 points, an improvement over its performance earlier in the day. It went up by 1.91 points, or 0.06 percent, from Thursday’s 3,450.93 points.

The sectoral indices which registered gains included the industrial, holding firms, mining and oil and property.

The financials and services ended the week on the red.

Trading was generally healthy with volume reaching 3.03 billion and value turnover of P43.9 billion.

Gainers led losers at 111 to 60, a reversal of what transpired in the first half of the day, while 34 stocks were unchanged.

Meanwhile, the peso gained 22 centavos against the US dollar after ending the day at P42.12, its strongest trade during the day, from Thursday’s P42.34.

The local currency started the day weaker at P42.30 from day-ago’s P42.25 and even dipped to P42.45 resulting to an average of P42.27.

Volume of trade surged to US$ 1.15 billion from day-ago’s US$ 980.08 million. (PNA)



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