PHStocks Week in Review: Recovery

Manila—(PHStocks)—Philippine stocks managed to pull a late-week recovery to close the month of November on a positive note. The Philippine Stock Exchange index (PSEi) closed at 6208.82 on Friday, 29 November, up by 0.63% from Thursday (28/11) and up by 2.04% from last week amid the country’s strong economic performance during the third quarter.

All counters were back in the green, led by the Property index, which gained 3.39%, followed by the Mining and Oil sector, which improved by 3.18%. The wider All-Shares index likewise grew, posting a 1.6% increase.

Foreign buying reached PhP39.64 billion, while foreign selling totaled PhP37 billion for a net buying of PhP2.586 billion, compared to the previous week’s net foreign selling of PhP2.27 billion.

Top gainers for the week:

Top decliners:

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