PH Stocks Jump on IMF’s Growth Forecast

Manila—(PHStocks)—Philippine stocks rally to 6400 level Thursday, 11 July, lifted by the International Monetary Fund’s (IMF) raising its outlook for the country’s economic growth. The benchmark Philippine Stock Exchange (PSE) index jumped by 1.57% or 99.18 points to close today’s trading at 6,407.36.

All counters were back in the green, led by the Property sector, which went up by 2.69%. The Industrials edged higher by 2.15%, while the Mining and Oil index increased by 1.94%. The wider All Shares index gained 1.58%.

Trading was moderate today, with value turnover reaching PhP7.15 billion on 862.9 million shares traded. Foreign buying reached PhP3.65 billion while foreign selling totalled PhP4.64 billion. There were 106 gainers today against 40 losers, while 43 stocks were flat.


Today’s top gainers were Metropolitan Bank & Trust Company (MBT, PhP109.40, +1.67%), Philippine Long Distance Telephone Co. (TEL, PhP2,824.00, +0.79%), SM Prime Holdings Inc. (SMPH, PhP16.38, +0.49%), Alliance Global Group Inc. (AGI, PhP24.50, +2.08%), BDO Unibank Inc. (BDO, PhP85.30, +0.95%), Metro Pacific Investments Corporation (MPI, PhP4.87, +1.88%), Jollibee Foods Corporation (PSE: JFC, PhP141.80, +1.29%), SM Investments Corporation (SM, PhP875.00, +1.74%), Puregold Price Club Inc. (PSE: PGOLD, PhP37.50, +5.63%), and Ayala Land Inc. (ALI, PhP29.60, +4.41%).

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