PH Stocks Break 6,600-Level

Manila—(PHStocks)—Philippine stocks continue their surge Friday, 18 October, buoyed by positive market sentiment in the United States.

The Philippine Stock Exchange index (PSEi) went up by 0.72% or 46.95 points to close the week’s trading at 6,607.83, breaking past the 6,600-level as investor confidence continue to be in the high amid positive market news from the U.S. markets.

Except for the Property index (-0.16%), all counters continue to be in the green, led by Services sector (+0.99%), followed by the Holding Firms sector (+0.97%) and the Mining and Oil (+0.94%). The wider All Shares index, meanwhile, ended the week 0.69% higher.

Trading was slightly heavy, with value turnover reaching PhP8.04 billion on 1.92 billion traded shares. There were 89 gainers against 63 losers, while 37 stocks were flat.

PSE-18-10-13Today’s top most active stocks in terms of value include Philippine Long Distance Telephone Co. (TEL, PhP2,856.00, 0.14%), Metro Pacific Investments Corp. (MPI, PhP4.90, -1.01%), Alliance Global Group Inc. (AGI, PhP26.45, 1.73%), Ayala Land Inc. (ALI, PhP30.50, -0.33%), BDO Unibank Inc. (BDO, PhP81.00, NC), LT Group Inc. (LTG, PhP16.88, -3.54%), First Gen Corporation (FGEN, PhP16.32, 1.24%), Metropolitan Bank & Trust Co. (MBT, PhP92.00, 1.43%), Universal Robina Corp. (URC, PhP124.70, 2.21%), and SM Prime Holdings Inc. (SMPH, PhP16.50, -1.20%).

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