Manila—(PHStocks)—Philippine stocks extended their rally Wednesday, 14 August, buoyed by upbeat retail market data in the United States.
The benchmark Philippine Stock Exchange (PSE) index breached the 6,600 level – gaining 101.99 points or 1.56% to close the day’s trading at 6,656.61.
All counters except for the Mining and Oil index (-0.21%) are on the green. The biggest gainer was the Property sector, which jumped by 2.17%. Following that is the Financials index (+1.86%) and the Holding Firms segment (+1.81%). The wider All Shares index edged higher by 1.17%.
Trading was moderate. Value turnover reached PhP7.37 billion on 878 million shares traded. There were 94 gainers against 47 losers, while 42 stocks were flat.