PH Stocks Take a Breather

Manila—(PHStocks)—Philippine stocks declined Friday, 19 July, as investors cash in on their gains after a rally the previous day. The Philippine Stock Exchange (PSE) index kept its hold on the 6,600 level, closing the week at 6,621.02, up by 0.41%.

Only the Mining and Oil (+0.57%) and Holding Firms (+0.06%) managed to eke out gains. The losing sectors are led by the Financials, which lost close to 1%. The Property index, on the other hand, shed 0.57%. The wider All Shares index declined by 0.48%.

Trading was heavy, with value turnover reaching PhP26.57 billion on 1.29 billion. According to PSE data, foreign buying was PhP12.53 billion while foreign selling reached PhP5.45 billion.

PSE-20-7-13

The day’s top gainers are Manila Electric Company (PSE: MER, PhP277.60, -8.2%), BDO Unibank Inc. (BDO, PhP84.65, -1.86%), Universal Robina Corporation (URC, PhP127.70, +0.55%), Metropolitan Bank & Trust Company (MBT, PhP108.00, -2.09%), Philippine Long Distance Telephone Co. (TEL, PhP2,970.00, +0.47%), Alliance Global Group Inc. (AGI, PhP25.50, +2.82%), SM Investments Corporation (SM, PhP950.00, NC), Ayala Corp. (AC, PhP623.00, 1.3%), Ayala Land Inc. (ALI, PhP30.50, -1.45%), and Megaworld Corporation (MEG, PhP3.46.00, +1.47%).

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