PSEi ends 5-day losing streak

Posted at 10/12/12 6:12 PM

MANILA, Philippines - The Philippine Stock Exchange index ends its 5-day losing streak to close up 0.30%. It settled at 5,369.720.

This comes as other Asian stocks also posed gains amid planned talks between China and Japan, as well as improved labor news from the US.

PLDT climbed 0.66% amid news of its acquisition of IP Converge Data Services. Nickel Asia also rose by nearly 1%.

Ayala Corp. slipped nearly 0.18% a day after Singapore lender DBS divested more than half of its stake in BPI.

At the foreign exchange market, the peso gained 14 centavos to close at 41.430 against the US dollar. - ANC