PH Stocks Up on Fed Statements

Manila—(PHStocks)—Philippine stocks recovered Thursday, 1 August, lifted by indications that the US Federal Reserve will continue its monthly bond buying program. The mainboard Philippine Stock Exchange (PSE) index increased by 0.28% to 6,661.44.

Except for the Property sector (-0.24%), all counters were up, led by the Mining and Oil index, which increased by 0.63%, followed by the Holding Firms segment, which gained 0.58%. The wider All Shares index slightly went up by 0.28%.

Trading was slightly moderate. Value turnover reached PhP5.37 billion on 684.88 million shares traded. There were 79 gainers against 59 losers, while 38 stocks were flat.

PSE-1-8-13

Today’s most active stocks in terms of volume are Ayala Corp. (AC, PhP603.50, NC), BDO Unibank Inc. (BDO, PhP81.65, +0.8%), Metropolitan Bank & Trust Company (MBT, PhP105.80, -0.38%), Megaworld Corporation (MEG, PhP3.25, +0.31%), Alliance Global Group Inc. (AGI, PhP27.30, +4%), Manila Electric Company (MER, PhP287.00, +0.14%), Puregold Price Club Inc. (PGOLD, PhP41.30, +0.85%), SM Prime Holdings Inc. (SMPH, PhP17.60, +0.11%), Philippine Long Distance Telephone Co. (TEL, PhP3,038.00, +0.6%), and Metro Pacific Investments Corporation (MPI, PhP5.29, -2.04%).

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