MANILA, March 3 (PNA) –- The local stock market extended its winning streak to a second day on Tuesday ahead of the release of the February inflation rate.
The benchmark Philippine Stock Exchange index (PSEi) surged slightly 2.59 points to 7,776.51 from previous day’s 7,773.92 close.
Brokerage firm 2TradeAsia.com said the local bourse maintained a positive momentum ahead of the release of the February inflation rate this Thursday.
RCBC Securities said the market followed-through with its last minute buying the previous day.
Counters were mixed, with financials, holding firms and mining and oil in positive territory.
The sub-indices of other counters declined slightly.
A total of 1.43 billion shares changed hands with turnover of Php8.57 billion.
Advancers led decliners, 102 to 68, while 50 issues unchanged.
The day’s top gainers were led by Swift Foods Inc., Easycall Communications Philippines Inc., Primex Corp., City & Land Developers Inc. and Oriental Petroleum and Minerals Corp. (PNA)