PSEi upbeat above 3,100
The market finished higher following prior session’s positive breadth, lifting the PSEi 12 notches up at 3,107.35 (+0.40% day-on-day). Bulk of the ascent came from holdings (+1.4%) & industrials (+1.2%). TEL (unch. at P2,675) continued to capture higher share in turnover at 22%, followed by: AP (+P0.75 at P11.75); FGEN (+P0.30 at P9.90); & URC (+P0.75 at P22.25). Meanwhile, PX (-P0.50 at P13.50); AC (-P2.50 at P297.50); & MPI (-P0.05 at P3.00) declined. Turnover ballooned to P3.17bn, on net foreign buying of P514mn. Gainers-losers reached 53-60.