PH Stocks Post Growth on Continued Market Optimism

PHStocks 09/05/2013 0 Comments AGI, ALI, Alliance Global, ATN Holdings, ATNB, Ayala Land, BH, BHI, BHI Holdings, Boulevard Holdings, CA, CEI, CLOUD, Concrete Aggregates, Crown Equities, EVER, Ever-Gotesco, FED, Federal Resources, FFI, Filipino Fund, GT Capital, GTCAP, ICTV, Information Capital Technology, IP Converge, ISM, ISM Communications, LT Group, LTG, Mariwasa SIAM, MBT, MCP, MED, Medco, Melco Crown, Metro Pacific Investments, Metrobank, Metropolitan Bank & Trust Company, MMI, MPI, MPIC, OM, Omico, ore, Oriental Peninsula, PBC, Philippine Bank of Communications, Philippine Long Distance Telephone Co., Philippine Realty, PLDT, Primex, PRMX, RLT, SM, SM Investments, SMIC, T, TEL, TKC Steel, Universal Robina, URC, Vivant, VVT

Manila—(PHStocks)—Philippine stocks extended their gains Thursday, 9 May, on sustained optimism in the US market and strong 1Q performance of local firms.

The benchmark Philippine Stock Exchange (PSE) index grew by 0.18% or 13.13 points to close the trading day at 7,194.43.

Most sectors posted gains, led by the Holding Firms index, which gained 0.38%%. The Services sector gained 0.28%, while the Property index added 0.22%. Overall, the wider All Shares index grew by 0.18%.

Trading was moderate. Value turnover reached PhP6.68 billion on 1.85 billion shares traded. There were 83 gainers against 66 losers, while 71 stocks were flat.

The top most active stocks in terms of value are Metropolitan Bank & Trust Company (Metrobank, PSE: MBT), Philippine Long Distance Telephone Co. (PLDT, PSE: TEL), GT Capital Holdings Inc. (PSE: GTCAP), SM Investments Corporation (SMIC, PSE: SM), LT Group Inc. (PSE: LTG), Ayala Land Inc. (PSE: ALI), Melco Crown (Philippines) Resorts Corporation (PSE: MCP), Metro Pacific Investments Corporation (MPIC, PSE: MPI), Universal Robina Corporation (PSE: URC), and Alliance Global Group Inc. (PSE: AGI).