PH Stocks Sustain Rally

Manila—(PHStocks)—Philippine stocks continued their rally Friday, 12 July, as investor sentiment gets a lift from positive momentum in U.S. markets. The mainboard Philippine Stock Exchange (PSE) index further climbed, reaching 6,574.21 – up by 2.6% or 166.85 points from Thursday’s close.

All counted remained in the green, with the Holding Firms sector gaining the biggest at 3.37%. The Financials added 2.62% while the Property index increased by 2.54%. The wider All Shares index went up by 2.71%.

Trading was moderate, with value turnover reaching PhP7.8 billion on 1.4 billion shares traded. There were 111 gainers against 50 losers, while 39 stocks were flat.

PSE-12-7-13

The day’s most active stocks in terms of volume were Philippine Long Distance Telephone Co. (TEL, PhP2,848.00, +0.85%), Ayala Corp. (AC, PhP612.00, +4.08%), Metropolitan Bank & Trust Company (MBT, PhP114.80, +4.94%), SM Prime Holdings Inc. (SMPH, PhP17.00, +3.79%), SM Investments Corporation (SM, PhP913.50, +4.4%), Megaworld Corporation (MEG, PhP3.24, NC), Ayala Land Inc. (ALI, PhP30.40, +2.7%), Alliance Global Group Inc. (AGI, PhP25.00, +2.04%), Universal Robina Corporation (PSE: URC, PhP125.00, +2.46%), and Robinsons Land Corporation (PSE: RLC, PhP22.40, +4.19%).

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