After Brief Hiccup, PH Stocks Resume Growth

Manila—(PHStocks)—Philippine stocks recovered Thursday, resuming their growth as investors hunted for bargains after yesterday’s round of profit taking. The blue-chip Philippine Stock Exchange index (PSEi) went up by 0.45% or 28.64pts to 6,459.99 amid continuing confidence in the Philippine equities market, and perhaps after reports that Singapore’s financial services firm DBS revises its earlier growth forecast for the country from 5.3% to 6% this year.

All counters except the Holding Firms sector went up today, led by the Mining and Oil segment, which gained 2.13%. The Property sector, on the other hand, went up by 1.55%, while the Industrials grew by 0.8%. The Holding Firms index actually just lost 0.08% or 4.51pts.

Value turnover reached PhP8.45 billion today on 3.75 billion shares traded. There were 99 gainers against 69 losers, while 47 stocks remained flat.

Below are today’s winners:

Below are the biggest losers:

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