PH Stocks Buoyed by Positive Signals from US Market

Manila—(PHStocks)—Philippine stocks recovered Thursday, 18 July, as investors take a positive cue from statements by the US Fed’s Ben Bernanke on Wednesday, 17 July. The benchmark Philippine Stock Exchange (PSE) index increased by 1.12% to 6,648.35 – recovering from the previous day’s 0.13% decline.

All counters were in the green, with the Property sector leading with a 2.06% jump. The Services sector was up 2%, while the Industrials recovered with a 1.26% gain. Overall, the wider All Shares index was up by 1.11%.

Trading improved from yesterday. Value turnover today reached PhP7.4 billion on 2.36 billion shares traded. There were 109 gainers against 35 losers, while 46 stocks were flat.

PSE-18-7-13

Today’s most active stocks were Philippine Long Distance Telephone Co. (TEL, PhP2,956.00, +2.43%), Universal Robina Corporation (URC, PhP127.00, +2.25%), SM Investments Corporation (SM, PhP950.00, +0.64%), Bank of the Philippine Islands (BPI, PhP92.50, +0.54%), Alliance Global Group Inc. (AGI, PhP24.80, +0.81%), San Miguel Corporation (SMC, PhP87.80, +3.29%), Ayala Land Inc. (ALI, PhP30.95, +1.81%), Metropolitan Bank & Trust Company (MBT, PhP110.30, +0.55%), Energy Development Corporation (EDC, PhP6.00, -0.17%), and Bloomberry Resorts Corp. (PSE: BLOOM, PhP11.36, +5.19%).

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