PH Stocks Slip on Profit Taking, Keep Foothold at 6800

Manila—(PHStocks)—Philippine stocks slipped slightly on Thursday, 25 July, as investors cash in on their gains. The Philippine Stock Exchange (PSE) index declined by just 0.06% or 4.05 points to close today’s trading at 6,800.11.

Most counters marginally declined, except the Financials (+0.57%) and Industrial (+0.25%). The Property sector was the biggest loser, sliding by 0.46%. The Mining and Oil index, on the other hand, slipped by 0.45%.

Trading was slightly moderate, with value turnover reaching PhP7.58 billion on 1.27 billion shares traded. Foreign buying was PhP4.23 billion while foreign selling reached PhP4.29 billion. There were 85 gainers against 75 losers, while 40 stocks were flat.

PSE-25-7-13

Top most active stocks today include Philippine Long Distance Telephone Co. (TEL, PhP3,068.00, -0.32%), Ayala Land Inc. (ALI, PhP31.25, -0.48%), Metropolitan Bank & Trust Company (MBT, PhP111.00, NC), Ayala Corp. (AC, PhP613.00, -4.22%), SM Investments Corporation (SM, PhP956.50, -0.36%), BDO Unibank Inc. (BDO, PhP85.70, -0.29%), Manila Electric Company (MER, PhP291.80, +2.39%), Puregold Price Club Inc. (PSE: PGOLD, PhP40.65, -0.85%), Alliance Global Group Inc. (AGI, PhP27.10, +0.37%), and Melco Crown (Philippines) Resorts Corporation (PSE: MCP): PhP10.50, +3.96%).

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