PH Stocks Extend Losses

Manila—(PHStocks)—Philippine stocks continued their slump Tuesday, 6 August, as investors stay in the sidelines ahead of the “ghost month”. The benchmark Philippine Stock Exchange (PSE) index slid by 1.37% or 88.95pts to close today’s session at 6,420.78.

The Mining and Oil index continue to gain albeit slowly; today, the index inched higher by 0.23%. The losing sectors was led by the Financials index, which shed 1.93%, followed by the Industrials, which lost 1.7%. The wider All Shares index lost 1.13%.

Trading was moderate. Value turnover reached PhP5.95 billion on 668 million shares traded. Foreign buying reached PhP3.3 billion while foreign selling reached PhP3.92 billion. There were 43 gainers against 111 decliners, while 38 stocks were flat.

PSE-6-8-13

Today’s most active stocks include Bank of the Philippine Islands (BPI, PhP92.00, -3.06%), Alliance Global Group Inc. (AGI, PhP26.00, -1.89%), Metropolitan Bank & Trust Company (MBT, PhP105.90, -1.03%), SM Investments Corporation (SM, PhP859.00, -2.50%), Universal Robina Corporation (URC, PhP120.00, -2.44%), Philippine Long Distance Telephone Co. (TEL, PhP3,080.00, -0.06%), Ayala Land Inc. (ALI, PhP28.85, -1.54%), BDO Unibank Inc. (BDO, PhP78.80, -1.50%), Megaworld Corporation (MEG, PhP3.23, +0.94%), Manila Electric Company (MER, PhP276.00, -0.72%).

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