Local shares surge, hitting 7.4-K level
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00:00Local shares surged hitting the 7,400 level with almost all sectoral indices ending in positive
00:06territory. The Philippine Stock Exchange index soared to 164.93 points or 2.27 percent to close
00:16at 7,417.25, while all shares jumped 62.40 points or 1.60 percent to finish at 3,958.02.
00:29Only mining and oil retreated slightly. Total number of shares traded was 698 million valued
00:35at 8.683 billion pesos. Gainers edged out losers 121 to 93 with 52 unchanged.