PH Stocks Up on Hope of US Budget Resolution

Manila—(PHStocks)—Philippine stocks finished on strong note Friday, 11 October, as investors remain hopeful that the U.S. budget impasse is coming to an end soon.

The benchmark Philippine Stock Exchange index (PSEi) gained0.84% or 53.83 points to close the day’s trading at 6,489.8. All counters were in the green, led by the Financials (+1.56%) and Holding Firms (+1.35%).

PSE-11-10-13Trading was slightly heavy. Value turnover reached PhP8.83 billion on 968.7 million traded shares. According to PSE, foreign buying reached PhP4.44 billion while foreign selling was PhP4.43 billion. There were 101 gainers against 52 losers, while 39 stocks remained flat.

Today’s most active stocks include Philippine Long Distance Telephone Co. (TEL, PhP2,900.00, -0.96%), Metropolitan Bank & Trust Co. (MBT, PhP86.85, 1.76%), Universal Robina Corp. (URC, PhP121.00, 0.17%), SM Investments Corp. (SM, PhP847.00, 1.38%), Emperador Inc. (EMP, PhP11.18, 2.57%), Semirara Mining Corp. (SCC, 252.00, 1.61%), Cosco Capital Inc. (COSCO, PhP11.16, 4.30%), Ayala Corp. (AC, PhP627.00, 1.79%), Alliance Global Group Inc. (AGI, PhP25.25, 0.60%), and Ayala Land Inc. (ALI, PhP30.00, 0.84%).

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