Ayala shares’ rally lifts boursehome/Business/Top Business/Ayala shares’ rally lifts bourseTHE stock market rose for the fourth consecutive day on Wednesday, with gains said to have been helped by a rally in Ayala Corp.’s shares. The benchmark Philippine Stock Exchange index (PSEi) jumped by by 1.21 percent or 93.51 points to close at 7,815.07. The broader All Shares, meanwhile, grew 0.83 percent or 39.71 points to end at 4,821.85. Net foreign selling persisted on Wednesday at P3.5 billion as foreigners loaded P3.7-billion issues and disposed of P7.2 billion. The Dow Jones rose 0.77 percent, the S&P500 increased 0.85 percent and the Nasdaq grew 1.08 percent.

Source: Manila Times May 22, 2019 16:52 UTC