PHL stocks rise on Wall Street

MANILA, March 18 (PNA) — Local share prices sustained their rally along with other Asian bourses following Wall Street’s gains.

The bellwether Philippine stock exchange index (PSEi) advanced 66.56 points or 1.04 percent to 6,466.55 on Tuesday from previous day’s 6,399.99 finish.

Brokerage firm 2tradeasia.com said Wall Street’s incline supported rises even as cautious local and foreign players took their cue from geopolitical events overseas.

The Dow Jones Industrial Average (DJI) increased 181 points, while the Nasdaq Composite was up 34 points.

All counters were in the positive territory, led by the 1.43-percent surge in share prices of property sector.

The total volume of transaction of the day reached 2.13 billion shares valued at P7.82 billion.

Advancers led decliners, 97 to 67, while 41 issues were unchanged.

The day’s most actively traded stocks were led by Ayala Land Inc., Philippine Long Distance Telephone Company, Universal Robina Corp., JG Summit Holdings Inc. and Ayala Corp. (PNA)