PSEi jumps back above 6200

Property and banking sectors boosted the Philippine Stock Exchange index back above the 6,200 level. The index jumped 2.06% to settle at 6,214.90. Among the day's gainers were banking stocks, Bank of the Philippine Islands (up 2.38% to P94.50); BDO Unibank (P75, up 1.01%); and Metrobank, P80.30, up 0.63%). This as a Bangko Sentral report showed the industry's exposure to real estate loans remains manageable. Alliance Global, Bloomberry and Belle Corp. also inched higher after getting "buy" recommendations from Deutsche Bank. At the foreign exchange market, the peso strengthened by 4 centavos, closing at 43.79 against the dollar. ANC Top Story, September 11, 2013