Rebound Continues; PH Stocks Climb to 6300
Manila—(PHStocks)—Philippine stocks continued their rally Thursday, 27 June, amid positive market sentiment and moves by China to stabilize its financial market. The benchmark Philippine Stock Exchange (PSE) index went up by 3.42% or 209.06 points to close today’s trading at 6,328. In fact, PSEi again led the Asia Pacific stock market indices in terms of growth (See screenshot from Bloomberg News).
The United States trimmed its 1Q GDP growth estimates yesterday to 1.8% from the initial 2.4%. But this just fuelled the growth in stocks and bonds as investors felt reassured that the QE program will continue. This has likewise propelled Asian markets today, with most emerging markets posting positive gains.
Screenshot from Bloomberg News.
All counters remain in the green, led by the Holding Firms sector, which gained 4.15%. The Services sector went up by 3.66%, while the Financials increased by 3.3%. The wider All Shares index posted a 3.14% gain.
Value turnover reached PhP12.116 billion on almost 3.57 billion shares traded. According to PSE data, foreign buying reached PhP7.01 billion while foreign selling was PhP5.42 billion.
There were 139 gainers today compared to 37 losers, while 32 stocks were flat.
Top most active stocks for the day are Philippine Long Distance Telephone Co. (PLDT, PSE: TEL), Metropolitan Bank & Trust Company (Metrobank, PSE: MBT), Megaworld Corporation (PSE: MEG), SM Investments Corporation (SMIC, PSE: SM), SM Prime Holdings Inc. (PSE: SMPH), Ayala Land Inc. (PSE: ALI), Alliance Global Group Inc. (PSE: AGI), Universal Robina Corporation (PSE: URC), Ayala Corp. (PSE: AC), Metro Pacific Investments Corporation (MPIC, PSE: MPI).
Top gainers:
- Unioil Resources & Holdings Company Inc. (PSE: UNI): PhP0.198, +45.59%
- Millenium Global Holdings Inc. (PSE: MG): PhP0.54, +38.46%
- Pacifica Inc. (PSE: PA): PhP0.04, +17.65%
- Bankard Inc. (PSE: BKD): PhP1.10, +14.58%
- Zeus Holdings Inc. (PSE: ZHI): PhP0.34, +13.33%
- Calapan Ventures Inc. (PSE: H2O): PhP6.80, +11.48%
- National Reinsurance Corporation of the Philippines (PSE: NRCP): PhP1.75, +11.46%
- IP Converge Data Center Inc. (PSE: CLOUD): PhP6.70, +10.93%
- LT Group Inc. (PSE: LTG): PhP22.45, +10.05%
- ABS-CBN Holdings Corporation – Phil. Deposit Receipts (PSE: ABSP): PhP41.50, +9.21%
Top losers:
- Federal Resources Investment Group Inc. (PSE: FED): PhP5.30, -30.99%
- Primex Corporation (PSE: PRMX): PhP3.39, -12.4%
- Prime Orion Philippines Inc. (PSE: POPI): PhP0.54, -11.48%
- Seafront Resources Corporation (PSE: SPM): PhP1.62, -10%
- Apex Mining Company Inc. “A” (PSE: APX): PhP2.80, -9.68%
- Benguet Corporation “B” (PSE: BCB): PhP10.00, -9.09%
- United Paragon Mining Corporation (PSE: UPM): PhP0.011, -8.33%
- Swift Foods Inc. (PSE: SFI): PhP0.121, -6.92%
- Cirtek Holdings Philippines Corporation (PSE: CHIPS): PhP15.00, -6.25%
- Manila Jockey Club Inc. (PSE: MJC): PhP2.27, -4.62%