PH Stocks Recover, Regain Foothold at 6,800

PHStocks 03/04/201321/05/2013 0 Comments AGI, Alliance Global, ATN Holdings, ATNB, Bankard, BDO, BDO Unibank, BKD, CAL, Calata, Cebu Holdings, CHI, CHIPS, Cirtek Holdings, EEI, EVER, Ever-Gotesco, GLOBALPORT, I, I-Remit, IS, Island Information and Technology, LMG, LMG Chemicals, MAC, MacroAsia, Mariwasa SIAM, MED, Medco, MMI, Panasonic, Philippine Long Distance Telephone Co., PLDT, PMPC, PORT, REG, Republic Glass, Seafront Resources, SM, SM Investments, SMIC, SPM, T, TEL, TKC Steel, United Paragon, Universal Robina, UPM, URC, Vivant, VVT

Manila—(PHStocks)—Philippine stocks recovered on Wednesday, 3 April, as investors hunted for bargains after a two-day decline on profit taking.

The benchmark Philippine Stock Exchange (PSE) index gained 0.99% or 66.87 points to close at 6,815.30. All counters have recovered as well, led by the Property index, which increased by 1.6%. The Holding Firms segment gained 1.28%, while the Mining and Oil index edged higher by 1.11%. The wider All Shares index, for its part, grew by 0.9%.

Trading was moderately heavy. Value turnover reached PhP10.23 billion on 1.11 billion shares traded. There were 108 gainers against 52 losers, while 44 stocks were flat. The top five most active stocks for the day in terms of value turnover are SM Investments Corporation (SMIC, PSE: SM), Philippine Long Distance Telephone Co. (PLDT, PSE: TEL), Alliance Global Group Inc. (PSE: AGI), BDO Unibank Inc. (PSE: BDO), and Universal Robina Corporation (PSE: URC).