PSEi closes slightly down


Posted at Oct 31 2012 05:54 PM | Updated as of Nov 01 2012 07:03 AM

MANILA, Philippines - The Philippine Stock Exchange index (PSEi) is slightly down today, bucking most Asian markets that rallied on fresh confidence in the global economy after South Korea's industrial production expanded and US home prices rose. 

The PSEi settled at 5,424.51, down 0.04%. San Miguel is down 0.81%, after it confirmed interest in buying into Solar Entertainment.

Ignoring the decline is Filinvest Land, which soared 5%. At least one analyst says Filinvest is a good buy. 

At the foreign exchange market, the peso ended two centavos stronger, closing at P41.18 against the US dollar. - ANC