philippine stock exchange pse july 14 2011 : THE STOCK MARKET extended its rally and closed higher on Thursday. The Philippine Stock Exchange index (PSEi) advanced by 0.44%, or 19.55 points to 4,423.55, while the broader all-share index climbed by 0.31% or 9.42 points to 3,076.01.
Trading volume and value declined to 7.15 billion shares worth P5.26 billion changing hands from yesterday's 8.2 billion shares worth P6.8 billion.
Save for the mining and oil sector, all subindices closed in the green, led by the financial sector which rose by 1.18% or 11.50 points to 987.98, followed by property firms that gained by 0.56% or 8.68 points to 1,555.63.
The service sector also climbed by 0.40% or 6.20 points to 1,556.68 while holding firms notched a 0.21% or 7.67-point upswing. Industrial firms jumped by 0.04% or 3.36 points to 7,524.89.
Mining and oil firms, which led the subindices for three straight days, closed in the red and fell by 0.39% or 85.37 points to 21,925.25. Advances led decliners 76 to 63, while 45 stocks were unchanged.
The PSEi rallied by 1.24% or 53.91 points to 4,404 yesterday, while the broader all-share index advanced by 0.69% or 20.89 points to 3,066.59. -- Franz Jonathan G. de la Fuente
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