PH Stocks Post Gains Amid Regional Market Declines

PHStocks 03/07/201318/08/2013 0 Comments A Brown, AC, AGI, Alliance Global, Anglo Philippine Holdings, APO, ATN Holdings, ATNB, Ayala, Bank of the Philippine Islands, BC, BCB, BDO, BDO Unibank, Benguet, BPI, BRN, Centro Escolar University, CEU, Cyber Bay, CYBR, East West Bank, EastWest Bank, EG, EVER, Ever-Gotesco, EW, GLOBALPORT, IP E-Game, JFC, Jollibee, LT Group, LTG, MAB, Manila Mining, MBT, MEG, Megaworld, Metro Pacific Investments, Metrobank, Metropolitan Bank, MG, Millenium Global, MPI, MPIC, OPM, OPMB, Oriental Petroleum, OV, Philippine Long Distance Telephone, Philippine Racing Club, Philippine Stock Exchange, Philippine Stock Market, Philippine stocks, Philodrill, PLDT, PORT, PRC, PSE, SM, SM Investments, SMIC, TEL, TKC Steel, Vivant, VVT

Manila—(PHStocks)—Philippine stocks withstood profit taking early in the session to recover from yesterday’s dip. The benchmark Philippine Stock Exchange (PSE) index posted a 0.5% increase to close today’s trading at 6,480.12 amid regional market declines on downbeat China economic data.

Trading was generally subdued, with two counters posting declines and most counters just managing to avoid the same fate. For instance, the Mining and Oil index and the Financials sector dropped by 0.58% and 0.38%, respectively. The Property sector and the Holding Firms index, on the other hand, both inched just by 0.19%. While the Industrial sector gained 1.12% – biggest gain today – the wider All Shares index just went up by 0.24%.

Value turnover reached PhP7.04 billion on 1.25 billion traded shares. According to PSE, foreign buying reached PhP4.59 billion while foreign selling was PhP4.62 billion. There were 58 gainers today compared to 78 decliners, while 43 stocks were flat.