PH Stocks: Bulls Prevail Despite Profit Taking

Manila—(PHStocks)—Philippine stocks extended their gains Tuesday, 8 October, amid continued investor optimism in the country’s economy.

The benchmark Philippine Stock Exchange index (PSEi) finished the rough trading day at 6,454.86, up by 0.18% or 11.65 points, despite losing almost 33.81 in morning trade when investors lock in their gains from the previous day’s surge.

On a sectoral basis, the Property sector led the gainers, posting a 1.85% increase, followed by the Mining and Oil segment, which rose by 0.64%. The Financials sector, on the other hand, was the biggest loser, albeit just declining by 0.59%.

PSE-8-10-13Trading was slow, however. Value turnover reached only PhP5.92 billion on 816 million shares traded. There were 64 gainers against 78 losers, while 41 stocks remained flat.

Today’s most active stocks in terms of value include Universal Robina Corp. (URC, PhP118.60, NC), SM Investments Corp. (SM, PhP839.00, 0.24%), Philippine Long Distance Telephone Co. (TEL, PhP2,996.00, -0.13%), Emperador Inc. (EMP, PhP9.70, 4.98%), Alliance Global Group Inc. (AGI, PhP25.65, 2.40%), Metro Pacific Investments Corp. (MPI, PhP4.62, -0.43%), Metropolitan Bank & Trust Co. (MBT, PhP85.05, -0.82%), Ayala Land Inc. (ALI, PhP29.75, 3.30%), BDO Unibank Inc. (BDO, PhP76.90, -0.71%), and International Container Terminal Services Inc. (ICT, PhP101.30, -0.10%).

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