RP shares close 0.21% higher
Agence France-Presse | 07/02/2009 12:44 PM
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MANILA - Philippine share prices closed 0.21 percent higher Thursday on a technical bounce after gains in Wall Street, dealers said.
The composite index put on 5.15 points to close at 2,438.04, while the all-shares index fell 0.29 percent, or 4.70 points, to close at 1,562.47.
A total of 730.09 million shares worth P1.96 billion ($40.8 million) changed hands.
Advancers led decliners 44 to 36, while 68 issues closed unchanged.
The market took its cue from a 0.68 percent rise in New York, which followed encouraging manufacturing data.
The peso traded at 48.03 to the dollar in early trade.
"The market will continue to wait for developments in the overseas markets in the absence of major news locally," Emmanuel Soller of Equity World Securities told Dow Jones Newswires.
Philippine Long Distance Telephone rose 0.6 percent to P2,410 while Globe Telecom added 1.0 percent to P970.
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