The benchmark Philippine Stock Exchange index (PSEi) consolidated below 6,300 while energy and mining stocks perked up the market on expectations higher commodity prices pushed up earnings in the second quarter. The PSEi shed 0.18 percent, or 11.44 points, to 6,274.80 while the broader All Shares index added 0.005 percent, or 0.17 points, to 3,381.53. Trading activity increased as 733.65 million shares valued at P5.03 billion changed hands. Foreigners were also net buyers to the tune of P22.65 million, PSE data showed. Mining and oil jumped 2.46 percent on strong gains by Semirara Mining and Power Corp. and Nickel Asia Corp. AbaCore Capital Holdings Inc. surged over 9 percent af...
Keep on reading: Rosy earnings forecast sparks interest in mining, energy shares
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Keep on reading: Rosy earnings forecast sparks interest in mining, energy shares
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