PH Stocks Post Growth on Continued Market Optimism

Business background. Market Analyze. Forex.Manila—(PHStocks)—Philippine stocks extended their gains Thursday, 9 May, on sustained optimism in the US market and strong 1Q performance of local firms.

The benchmark Philippine Stock Exchange (PSE) index grew by 0.18% or 13.13 points to close the trading day at 7,194.43.

Most sectors posted gains, led by the Holding Firms index, which gained 0.38%%. The Services sector gained 0.28%, while the Property index added 0.22%. Overall, the wider All Shares index grew by 0.18%.

Trading was moderate. Value turnover reached PhP6.68 billion on 1.85 billion shares traded. There were 83 gainers against 66 losers, while 71 stocks were flat.

The top most active stocks in terms of value are Metropolitan Bank & Trust Company (Metrobank, PSE: MBT), Philippine Long Distance Telephone Co. (PLDT, PSE: TEL), GT Capital Holdings Inc. (PSE: GTCAP), SM Investments Corporation (SMIC, PSE: SM), LT Group Inc. (PSE: LTG), Ayala Land Inc. (PSE: ALI), Melco Crown (Philippines) Resorts Corporation (PSE: MCP), Metro Pacific Investments Corporation (MPIC, PSE: MPI), Universal Robina Corporation (PSE: URC), and Alliance Global Group Inc. (PSE: AGI).


Today’s top gainers are below:

Top decliners are the following:

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