The benchmark Philippine Stock Exchange index crawled higher on Thursday as investors weighed developments overseas. | miguelrcamusINQ /PDI
A total of 1.07 billion shares valued at P6.79 billion changed hands while foreigners were net buyers of an amount totaling P414.74 million.
The daily volume rose after a P2.3-billion block sale of shares of Holcim Philippines was completed. Major shareholder Holderfin B.V. acquired the shares of Sumitomo Osaka Cement as part of a broader plan to take the cement giant private. PSE subsectors were mainly up as financials, property, industrial and holding firms rose while services and mining and oil slumped.It was followed by First Philippine Holdings Corp., up 0.33 percent to P60.30; SM Investments Corp., down 0.33 percent to P916; BDO Unibank Inc., up 1.39 percent to P138.90; and Bank of the Philippine Islands, up 0.82 percent to P110.Subscribe to our daily newsletter
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