PH Stocks Rally Continues

World economics. Finance concept.Manila—(PHStocks)—Philippine stocks extended their growth for the fourth session in line with continued optimism in the country’s macroeconomic fundamentals. The benchmark Philippine Stock Exchange (PSE) index went up by 0.61% or 42.64 points to close at 7,070.99 on Tuesday, 30 April, getting nearer to the highest close so far that was 7,120.48 – achieved on 22 April.

The biggest gaining sector was the Services, which gained 1.23%. Not far behind was the Property segment, which increased by 1.21%. The Mining and Oil index, on the other hand, continued its slide as investors lock in their gains during the past few sessions.

Overall, trading was moderately heavy. Value turnover reached PhP10.84 billion on 4.1 billion traded shares. There were 91 gainers and 82 decliners, while 39 stocks remained flat.


The top active stocks in terms of value are Ayala Land Inc. (PSE: ALI), Philippine Long Distance Telephone Co. (PLDT, PSE: TEL), Melco Crown (Philippines) Resorts Corporation (PSE: MCP), SM Investments Corporation (SMIC, PSE: SM), and Alliance Global Group Inc. (PSE: AGI).

The top gainers for the day are as follows:

The top decliners are as follows:

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