PH Stocks Extend Rally for 3rd Session

PHStocks 18/06/201318/08/2013 0 Comments ABG, ABS-CBN, ABSP, AC, AGI, ALI, Alliance Global, Asiabest Group, ATN Holdings, ATNB, Ayala, Ayala Land, BDO, BDO Unibank, CMT, EG, EURO, Euro-Med Laboratories, FED, Federal Resources, Ginebra, green, Greenergy, GSMI, IMP, Imperial Resources, IP E-Game, JG Summit, JGS, LMG, LMG Chemicals, Mabuhay Holdings, Manila Bulletin, MB, MBT, Megawide, Metrobank, Metropolitan Bank & Trust Company, MHC, MJCI Investments, MJIC, MWIDE, PERC, PetroEnergy, PGOLD, Philippine Long Distance Telephone Co., Philippine Stock Exchange, Philippine Stock Market, Philippine stock market news, PLDT, PSE, PSE Index, PSE news, PSEi, PSEi news, Puregold, San Miguel, Shang Properties, SHNG, SM, SM Development, SM Investments, SM Prime, SMDC, SMIC, SMPH, Southeast Asia Cement, TEL, Universal Robina, URC

Manila—(PHStocks)—Philippine stocks extended their gains for a third straight session Tuesday, 18 June, as investors continue to hunt for bargains. The mainboard Philippine Stock Exchange (PSE) index grew by 2.83% or 179.36 points to close the session at 6,518.77 – a strong turnaround from sharp declines last week.

All counters in the green, led by the Holding Firms index, which posted a 3.8% gain. The Property sector continued to recover its losses last week, gaining 2.46% in today’s session. The Financials index, on the other hand, was up by 2.24%.

Trading was just moderate. Value turnover reached PhP6.87 billion on 901 million shares traded. There were 107 gainers against 50 losers, while 46 stocks were flat.