PH Stocks Climb to 7300 Level

3d green arrow up in business graphManila—(PHStocks)—Philippine stocks hit a new milestone Tuesday, 14 May, amid continued bullishness in the country’s economic outlook. The benchmark Philippine Stock Exchange (PSE) index rallied to break past the 7,300-point level and close today’s trading at 7,313.46, up by 0.7% or 51.08 points, but not before hitting a new all-time intraday high of 7,349.95 – a record yet again for the local bourse.

Leading the gaining sectors is the Services index, which gained 1.6%. The Financials segment came in at second, pulling in a 1.24% growth over the last trading day, followed by the Industrial index, which edged higher by 0.55%. The Mining and Oil sector, on the other hand, shed 2.59%. The wider All Shares index, meanwhile, improved by 0.41%.

Trading was heavy. Value turnover reached PhP10.02 billion on 1.47 billion shares traded. There were 81 advancers and 81 decliners, while 50 stocks were flat.

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Most active stocks are Bloomberry Resorts Corp. (PSE: BLOOM), Philippine Long Distance Telephone Co. (PLDT, PSE: TEL), Metropolitan Bank & Trust Company (Metrobank, PSE: MBT), BDO Unibank Inc. (PSE: BDO), Metro Pacific Investments Corporation (MPIC, PSE: MPI), Ayala Land Inc. (PSE: ALI), LT Group Inc. (PSE: LTG), Ayala Corp. (PSE: AC), Alliance Global Group Inc. (PSE: AGI), and GT Capital Holdings Inc. (PSE: GTCAP).

Top gainers are:

Biggest losers are:

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