Close  

PH shares close higher

/ 07:49 AM May 06, 2015

MANILA, Philippines–The local stock barometer advanced by another triple-digit pace to breach 7,900 on Tuesday as investors regained their buying appetite after the sluggish sentiment in April.

The Philippine Stock Exchange index jumped by 102.77 points, or 1.31 percent, to close at 7,919.21.

ADVERTISEMENT

All counters were up, led by the industrial, holding firms and property counters, which all gained over 1 percent.

Value turnover amounted to P7.65 billion. There were 113 advancers against 78 decliners, while 46 stocks were unchanged.

FEATURED STORIES

SM Prime led the PSEi higher, rising by 4.74 percent.

The Southeast Asian property giant announced announced a 176-percent year-on-year rise in its first-quarter net profit to P12.6 billion.

GTCAP of the Ty family also rose by 3.3 percent, while JG Summit was up by 2 percent.

Investors also loaded up on shares of BDO, PLDT, ALI, SMIC, Megaworld, EDC and Jollibee, which all gained by over 1 percent.

URC, the day’s most actively traded stock, also contributed to the upswing, alongside Metrobank, AC, AGI, AEV, Bloomberry and MPI.

Investors have started to load up on stocks again after the weakness in April, when liquidity was usually tight due because of tax payment deadlines and the long holiday breaks.–Doris Dumlao-Abadilla

ADVERTISEMENT
Read Next
LATEST STORIES
MOST READ
Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Finance, Markets and Exchanges, Philippines, Stock Activity, stocks
For feedback, complaints, or inquiries, contact us.


© Copyright 1997-2019 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.