US stocks pared gains on fears that the Fed may scale back its stimulus package. The S & P 500 in New York went as high as 1.2% in an early rally but sunk down to 1,636 or an advance of 0.6%. Here at the Philippine Stock Exchange, the morning session saw all sub-indexes advancing, with Holdings leading with its +3.45% followed by Properties with +2.46%, to push the PSEi up to 6,504, gaining 165 points or 2.6%. PLDT gained 90 pesos per share or 3.16%, Ayala Corp. gained 22 pesos per share or 3.74%, SM Prime gained 62 centavos per share or 3.77%, Alliance Global gained 75 centavos per share or 3.36% and SM gained 33 pesos per share or 3.29%. Meantime, RFM declined 20 centavos per share or 3.70%.
Posted on: Tue, 18 Jun 2013 04:26:23 +0000
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