PSEi up 0.35% on late uptick after most shares fall 

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Late cherry-picking of stocks lifted the PSEi slightly in a technical rebound at the close of Monday’s trade, helped by positive manufacturing data, while most shares sustained losses throughout the session.

“Monday’s action is deemed as a technical bounce, with investors hunting for bargains following a five-day decline,” stockbroker Philstocks Financial Inc. said. 

The S&P Global Philippines Manufacturing index, which did not fall below the 50-point mark that spells a contraction, and made it at 52.3 in January from December’s 54.3, helped lift select stocks in late trade, Philstocks said. 

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The PSEi gained 20.45 points, or 0.35 percent, to close at 5,883.04, while the broader All Shares gained 14.29 points or 0.41 percent to 3,534.61. 

Losers edged gainers 131 to 81 with 30 stocks unchanged. Trading turnover reached P11.37 billion. 

Most actively traded China Banking Corp. closed unchanged at P93. Ayala Land Inc. rose P1.70 to P24. SM Investments Corp. dropped P11 to P760. BDO Unibank Inc. shed P0.60 to P137. International Container Terminal Services Inc. lost P9 at P341. DigiPlus Interactive Corp. closed P2.75 higher at P29.65. AREIT Inc. dropped P2 to P40. Bank of the Philippine Islands gained P3.80 to P120. Wilcon Depot Inc. closed P0.40 lower at P8. Universal Robina Corp. lost P2.90 to P57.90. 

Most actively traded China Banking Corp. was steady at P93. Ayala Land Inc. was up P1.70 to P24. SM Investments Corp. was down P11 at P760. BDO Unibank Inc. stayed down P0.60 at P137. International Container Terminal Services Inc. fell P9 to P341. DigiPlus Interactive Corp. gained P2.75 to P29.65. AREIT Inc. eased P2 to P40. Bank of the Philippine Islands rose P3.80 to P120. Wilcon Depot Inc. dropped P0.40 to P8. Universal Robina Corp. slipped P2.90 to P57.90.

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