Close  

Bourse closes .65% higher on bargain hunting

/ 05:24 AM August 02, 2019

Bargain hunters swooped in to lift the benchmark Philippine Stock Exchange Index (PSEi) after two straight days of decline.

By the closing bell on Thursday, the PSEi was up 0.65 percent, or 52.36 points, to 8,098.16 while the broader all-shares index was up 0.3 percent to 4,904.51.

ADVERTISEMENT

Subsectors were mostly up on moderate volume. Only services dropped 1.43 percent as heavyweights PLDT Inc. and Globe Telecom declined, bucking gains for the day.

Property rose the most with a 1.6-percent increase, followed by mining and oil, up 1.09 percent, and financials, up 0.9 percent.

Data from the PSE showed a total of 1.86 billion shares valued at P6.6 billion changing hands. There were 116 losers against 82 gainers while 44 companies closed unchanged.

Travellers International Hotel Group Inc. was the most actively traded yesterday as it closed unchanged at P50.05 per share.

It was followed by Ayala Land Inc., up 0.50 percent to P50.05; Ayala Corp., down 0.78 percent to P950; BDO Unibank Inc., up 2.04 percent to P150; and Metropolitan Bank & Trust, down 0.99 percent to P75 per share.

Other actively traded companies were SM Prime Holdings, up 4.11 percent to P38; Bank of the Philippine Islands, up 1.67 percent to P91.50; Universal Robina Corp., up 2.76 percent to P164; Jollibee Foods Corp., up 0.39 percent to P260; and International Container Terminal Services Inc., unchanged at P135 per share.

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: Local Stock, Philippine Stock Exchange index (PSEi)
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.