RP share prices slightly up in moderate trading

Share prices on the Philippine Stock Exchange closed slightly higher in moderate trading Monday, the European debt crisis and Wall Street’s tepid performance overnight weighing in on market sentiment. The PSE index advanced by 5.87 points, or roughly a tenth of a percentage point, to close at 3,313.52. More than 1.23 billion shares worth P4.07 billion changed hands. Advancers led decliners 60 to 50, while 56 issues closed unchanged. "The European crisis is still continuing to weigh on sentiments, while we continue to track the developments on Wall Street," Marites Ilagan, a trader BDO Securities Corp., said. Other markets in Asia performed in a narrow rage in the absence of strong market moving news. —VS, GMANews.TV