PH Stocks Rally on Upbeat US Retail Market Data
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.