PH Stocks Extend Rally on Bullish Outlook

PHStocks 30/08/201330/08/2013 0 Comments A Brown, AGI, Alliance Global, Alliance Select, Asia Amalgamated, Ayala, BDO, Berjaya, Calapan Ventures, CDC, Century Peak Metals, Cityland, CPM, Crown Equities, Cyber Bay, food, H2O, ICTV, Information Capital Technology, JFC, Jollibee, Jolliville, LT Group, LTG, Medco, Nextstage, Philex, PLDT, Pure Foods, PXP, RFM, San Miguel, SECB, Security Bank, SM Investments, SMPH, Suntrust, United Paragon, Universal Robina, URC, Wellex

Manila—(PHStocks)—Philippine stocks continued their rally Friday, 30 August, as investors loaded up on their positions amid bullish market outlook.

The benchmark Philippine Stock Exchange index (PSEi) climbed back to the 6,000 level, closing the week’s trading at 6,075.17, up by 2.2% or 130.96 points.

Leading the charge was the Property sector, which gained 2.81%, followed by the Holding Firms segment, which increased by 2.53%. The wider All Shares index, meanwhile, went up by 2.02%.

Today’s trading was heavy. Value turnover reached PhP14.43 billion on 1.25 billion shares traded. According to PSE data, foreign buying reached PhP8.65 billion, while foreign selling was PhP10.6 billion. There were 100 gainers against 53 losers, while 37 stocks were flat.

Today’s most active stocks include SM Investments Corp. (SM, PhP670.00, 1.36%), Ayala Land Inc. (ALI, PhP26.50, 3.31%), Philippine Long Distance Telephone Co. (TEL, PhP2,878.00, 2.79%), SM Prime Holdings Inc. (SMPH, PhP16.20, 2.27%), Ayala Corp. (AC, PhP545.00, 2.44%), Security Bank Corp. (SECB, PhP117.50, 6.33%), BDO Unibank Inc. (BDO, PhP74.00, 0.95%), Universal Robina Corp. (URC, PhP119.90, 5.64%), Alliance Global Group Inc. (AGI, PhP26.00, 5.48%), and Jollibee Foods Corp. (JFC, PhP161.00, -3.59%).