PH Stocks Climb to 7300 Level

PHStocks 14/05/201315/05/2013 0 Comments 2GO, 2GO Group, AC, AGI, ALI, Alliance Global, ALPHA, Alphaland, ATN, ATN Holdings, Ayala, Ayala Land, Bankard, BDO, BDO Leasing, BDO Unibank, BKD, BLFI, BLOOM, Bloomberry, CAL, Calata, Ginebra, green, Greenergy, GSMI, GT Capital, GTCAP, HLCM, Holcim, ICTV, Information Capital Technology, JOH, Jolliville, Lafarge, LCB, Lepanto Consolidated, LRI, LT Group, LTG, MBT, MED, Medco Holdings, Metro Pacific Investments Corporation, Metrobank, Metropolitan Bank, MPI, MPIC, OPM, Oriental Petroleum, Pancake House, PCKH, Philex Petroleum, Philippine Long Distance Telephone Co., PLDT, Primex, PRMX, PXP, San Miguel, SUN, Suntrust, TA, TEL, Trans-Asia Oil

Manila—(PHStocks)—Philippine stocks hit a new milestone Tuesday, 14 May, amid continued bullishness in the country’s economic outlook. The benchmark Philippine Stock Exchange (PSE) index rallied to break past the 7,300-point level and close today’s trading at 7,313.46, up by 0.7% or 51.08 points, but not before hitting a new all-time intraday high of 7,349.95 – a record yet again for the local bourse.

Leading the gaining sectors is the Services index, which gained 1.6%. The Financials segment came in at second, pulling in a 1.24% growth over the last trading day, followed by the Industrial index, which edged higher by 0.55%. The Mining and Oil sector, on the other hand, shed 2.59%. The wider All Shares index, meanwhile, improved by 0.41%.

Trading was heavy. Value turnover reached PhP10.02 billion on 1.47 billion shares traded. There were 81 advancers and 81 decliners, while 50 stocks were flat.