PH Stocks Break 6,600-Level

PHStocks 18/10/201319/10/2013 0 Comments 2GO, ACE, Acesite, AGI, ALI, Alliance Global, Ayala Land, Bankard, BDO, BHI, BKD, Boulevard Holdings, Calapan Ventures, CEI, Crown Equities, FGEN, First Gen, GLOBALPORT, H2O, ION, Ionics, Kim Eng, LIB, Liberty Telecoms, LT Group, LTG, MAKE, MARC, Marcventures, Maybank, MBT, MED, Medco, Metro Pacific Investments, Metrobank, MPI, Now, PAcifica, Panasonic, PLDT, PMPC, PORT, PRIM, Prime Media, San Miguel, SGP, SM Prime, SMC, SMPH, Synergy Grid, TEL, Universal Robina, URC, VITA, Vitarich, Wellex, WIN

Manila—(PHStocks)—Philippine stocks continue their surge Friday, 18 October, buoyed by positive market sentiment in the United States.

The Philippine Stock Exchange index (PSEi) went up by 0.72% or 46.95 points to close the week’s trading at 6,607.83, breaking past the 6,600-level as investor confidence continue to be in the high amid positive market news from the U.S. markets.

Except for the Property index (-0.16%), all counters continue to be in the green, led by Services sector (+0.99%), followed by the Holding Firms sector (+0.97%) and the Mining and Oil (+0.94%). The wider All Shares index, meanwhile, ended the week 0.69% higher.

Trading was slightly heavy, with value turnover reaching PhP8.04 billion on 1.92 billion traded shares. There were 89 gainers against 63 losers, while 37 stocks were flat.

Today’s top most active stocks in terms of value include Philippine Long Distance Telephone Co. (TEL, PhP2,856.00, 0.14%), Metro Pacific Investments Corp. (MPI, PhP4.90, -1.01%), Alliance Global Group Inc. (AGI, PhP26.45, 1.73%), Ayala Land Inc. (ALI, PhP30.50, -0.33%), BDO Unibank Inc. (BDO, PhP81.00, NC), LT Group Inc. (LTG, PhP16.88, -3.54%), First Gen Corporation (FGEN, PhP16.32, 1.24%), Metropolitan Bank & Trust Co. (MBT, PhP92.00, 1.43%), Universal Robina Corp. (URC, PhP124.70, 2.21%), and SM Prime Holdings Inc. (SMPH, PhP16.50, -1.20%).