The benchmark Philippine Stock Exchange index (PSEi) saw a relief bounce on Tuesday as several blue chip names recovered and selling pressure on PLDT Inc. eased. The PSEi rose 0.68 percent, or 43.85 points, to 6,458.12 while the broader All Shares Index added 0.51 percent, or 17.09 points, to 3,384.40. Trading activity also decreased sharply versus the previous session, which was amplified by the selldown of PLDT shares after the firm disclosed a multibillion-peso capital spending overrun. A total of 508.99 million shares valued at P5.6 billion changed hands while foreigners were net sellers to the tune of P427.6 million, data from the PSE showed. PLDT was the top traded stoc...
Keep on reading: PSEi up slightly as PLDT selldown eases
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Tuesday, December 20, 2022
December 20, 2022
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