Stocks, peso gain as US-Iran tensions ease
Manila, June 29 -- The United States and Iran's agreement to halt retaliatory attacks ahead of peace talks in Doha, Qatar drove positive closes for both the local stock market and the peso on Monday.
The Philippine Stock Exchange index (PSEi) gained 1.01 percent to 6,133.41 points, and the broader All Shares gained 0.68 percent to 3,352.96 points.
Most of the sectoral indices also rose during the day, namely Financials, 1.85 percent; Holding Firms, 1.15 percent; Services, 0.93 percent; and Industrial, 0.64 percent.
On the other hand, Mining and Oil fell by 1.53 percent and Property by 0.26 percent.
Volume reached 861.2 million shares, amounting to PHP5.2 billion.
Advancers led decliners at 96 to 75, while 70 shares were unchanged.
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