Manila—(PHStocks)—Philippine stocks continue their climb Wednesday, 11 September, as investor confidence begins to settle in once again. The mainboard Philippine Stock Exchange index (PSEi) surged past the 6,200 mark to close the trading day at 6,214.9 – up by 125 points or 2.06 from yesterday’s session.
Except for the Mining and Oil index (+0.83%), which has jumped back to the green zone today, all counters gained about 1% further. Leading the pack is the Property sector, which gained 3.25%. The wider All Shares index, meanwhile, gained a further 1.45%.
Trading was slightly heavy today, with value turnover reaching PhP9.22 billion on 906 million shares traded. There were 94 gainers against 47 losers, while 41 stocks were flat.
Today’s most active stocks include Philippine Long Distance Telephone Co. (TEL, PhP2,890.00, 1.47%), Ayala Land Inc. (ALI, PhP26.70, 5.53%), SM Investments Corp. (SM, PhP733.00, 2.16%), Universal Robina Corp. (URC, PhP126.10, 0.88%), SM Prime Holdings Inc. (SMPH, PhP16.74, 0.84%), BDO Unibank Inc. (BDO, PhP75.00, 1.01%), Alliance Global Group Inc. (AGI, PhP26.75, -0.56%), Ayala Corp. (AC, PhP574.00, 3.89%), Manila Electric Company (MER, PhP278.60, 0.43%), Metropolitan Bank & Trust Company (MBT, PhP80.30, 0.63%).