Tuesday, August 28, 2007
Shares rise 1.4 percent in light volume (3:16 p.m.)
MANILA - Philippine shares rose Tuesday in moderately light volume after a three-day weekend.
The 30-company Philippine Stock Exchange Index rose 1.4 percent to 3,251.77 points. "We just played catch up today," said Rommel Macapagal, chairman of Westlink Global Equities. "But our gains were capped because other markets have already started to correct."
Gainers led losers 74-42, with 32 issues unchanged.
Blue chips sustained their recovery from recent falls. Philippine Long Distance Telephone Co. rose 2 percent to P2,590, AyalaCorp. 3.3 percent to P465, SM Prime Holdings Inc. 4.6 percent to P11.50, and Megaworld Corp. 3 percent to P3.40. (AP) |
