PH Stocks Recover Amid Strong Trading

Manila—(PHStocks)—Philippine stocks recover as investors hunt for bargain after weak trading last week. The benchmark Philippine Stock Exchange (PSE) index went up by 0.62% or 39.58 points to close the day’s trading at 6,443.81.

Except for the Financials sector (-0.02%), all indexes were up, led by the Property sector, which gained 1.66%. The Holding Firms sector increased by 0.82% while the Mining and Oil index went up by 0.77%. The wider All Shares index, meanwhile, improved by 0.47%.

Today’s trading was very heavy. Value turnover reached PhP68.95 billion on 8.47 billion shares traded. There were 80 gainers against 69 losers, while 38 stocks remained flat.

PSE-12-8-13

Most active stocks include SM Investments Corporation (SM, PhP821.00, -0.67%), Universal Robina Corporation (URC, PhP116.00, -0.85%), Ayala Land Inc. (ALI, PhP29.60, +2.07%), Metropolitan Bank & Trust Company (MBT, PhP104.90, -1.32%), International Container Terminal Services Inc. (ICT, PhP93.10, +2.93%), Philippine Long Distance Telephone Co. (TEL, PhP3,074.00, NC), Alliance Global Group Inc. (AGI, PhP26.20, +0.38%), SM Prime Holdings Inc. (SMPH, PhP16.96, +2.29%), Metro Pacific Investments Corporation (MPI, PhP5.24, +2.75%), and Ayala Corp. (AC, PhP601.00, +0.33%).

Top gainers:

Top losers:

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