THE Mining and Oil index surged on Wednesday, the only sector on the Philippine Stock Exchange that closed in the green, after the Commission on Appointments (CA) rejected the appointment of Gina Lopez as Environment secretary.
The Mining and Oil index gained 2.73 percent or 339.02 points to close at 12,772.82, but the bellwether PSEi declined by 0.27 percent or 20.84 points to 7,682.26. The broader All Shares dipped by 0.03 percent or 1.45 points to finish at 4,603.12.
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