MANILA -- Shares slightly rebounded on Friday, after suffering its worst fall since 2008 during the previous session.
The Philippine Stock Exchange index rose 2.10% or 128.18 points to 6,242.26, while the broader all-shares index climbed 1.64% or 62.89 points to 3,897.76.
All sub-indices were in the green, led by the services industry, which went up 2.40% or 44.54 points to 1,901.23.
Advancers beat decliners, 111 to 50, while 41 issues remained unchanged.
Total volume traded reached 1 billion valued at P10.86 billion.
The most active stocks on Friday were led by Philippine Long Distance Telephone Co. (+2.23%), SM Investments Corp. (+4.26%), Metropolitan Bank & Trust Co. (+1.15%), SM Prime Holdings Inc. (+4.13%), and BDO Unibank Inc. (2.45%).
Meanwhile, the biggest gainers were Jolliville Holdings Corp. (+16.67%), Mariwasa Siam Holdings Inc. (+13.04%), and Waterfront Philippines Inc. (+11.76%).
Top losers on Friday were MJCI Investments Inc. (-40%), Manila Jockey Club Inc. (-12.61%), and Keppel Philippine Holdings Inc. (-10%).
Previous selling in the market was owed to foreign investors fleeing emerging economies such as the Philippines as the US economy improves.
Despite the daily gain of the PSEi, the index was 6.9% or 459.69 points below the 6,701.95-finish the previous week.