Bargain hunting boosts stocks; peso stays firm
MANILA - Bargain hunting lifted the Philippine Stock Exchange index (PSEi) on Monday while the peso remained firm against the US dollar. The main stock gauge rose by 1.85 percent, or 129.56 points, to 7,140.67 points. It was trailed by all other counters, with the All Shares up by 1.45 percent, or 54.27 points, to 3,799.88 points. The Property index led the sectoral indices after it jumped by 2.78 percent, It was followed by the Financials, 2.76 percent; Industrial, 1.69 percent; Mining and Oil, 1.51 percent; Holding Firms, 1.44 percent; and Services, 0.83 percent. Volume totaled 745.53 millio...