PH Stocks Slightly Up on Bargain Hunting

Manila—(PHStocks)—Philippine stocks staged a late rally Tuesday, 9 July, and reverse the selloff early in the session as investors hunt for bargains. The benchmark Philippine Stock Exchange (PSE) index inched higher by 0.13% or 8.11 points to close the session at 6,327.02.

On sectoral basis, however, only the Industrials and Services sectors posted gains; with the Industrials edging higher by 0.98% and the Services index, 0.24%. On the other hand, the Holding Firms segment is the biggest losing index, shedding 0.51%. The Financials followed with a decline of 0.23%, while both the Mining and Oil and Property sectors lost 0.17%.

Trading remained subdued. Value turnover only reached PhP4.46 billion on 807 million trades. There were 57 gainers and 81 losers, while 46 stocks remained flat.

PSE-9-7-13

Today’s most active stocks were SM Investments Corporation (SM, PhP838.00, -1.53%), Metropolitan Bank & Trust Company (MBT, PhP108, NC), Security Bank Corporation (PSE: SECB, PhP156.00, -2.5%), BDO Unibank Inc. (BDO, PhP84.80, -0.18%), Ayala Land Inc. (ALI, PhP28.90, -0.34%), SM Prime Holdings Inc. (SMPH, PhP16.50, NC), Philippine Long Distance Telephone Co. (TEL, PhP2,828.00, NC), Alliance Global Group Inc. (AGI, PhP24.30, 0.21%), Metro Pacific Investments Corporation (MPI, PhP4.95, -1.79%), Cosco Capital Inc. (PSE: COSCO, PhP9.82, 1.03%).

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