Bargain-hunting lifts PH stocks; up 1.38%

Bargain-hunting lifts PH stocks; up 1.38%

Bargain-hunting lifts PH stocks; up 1.38%

Bargain-hunting lifted the Philippine Stock Exchange index (PSEi), allowing the local bourse to conclude the trading week on a high note.

The benchmark PSEi rose by 1.38 percent, or 86.60 points, to close at 6,352.12 while the broader All-Shares index climbed by 0.76 percent, or 27.95 points, to settle at 3,703.73.

Article continues after this advertisement

Regina Capital Development Corp. head of sales Luis Limlingan said “Philippine shares rebounded after [Thursday’s] sell-off with the investors bargain hunting across the board for undervalued names.”

FEATURED STORIES

READ: PSEi dives to 7-month low

All the sub-sectors ended in the green. Financials and holding firms indices were top gainers after rising by 2.77 percent and 1.12 percent, respectively.

Article continues after this advertisement

About 993.88 million shares valued at P4.93 billion were traded. Winners led losers, 100-82, while 59 issues were unchanged.

Article continues after this advertisement

The most actively traded shares were those of BDO Unibank Inc., increasing by 5.07 percent to P145 each.

This was followed by International Container Terminal Services Inc., up 1.27 percent to P399; SM Investments Corp., up 1.71 percent to P835; Synergy Grid & Development Phils. Inc., down 4.44 percent to P12.90; Ayala Land Inc., up 0.19 percent to P25.80; and PLDT Inc., down 1.52 percent to P1,295.

Other active names were SM Prime Holdings, up 1.86 percent to P24.60; Jollibee Foods Corp., up 1.81 percent to P247; Ayala Corp., up 1.77 percent to P575; and Metropolitan Bank & Trust Co., up 0.36 percent to P70.25. INQ

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

TAGS: Philippine Stock Exchange index (PSEi), stocks

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our newsletter!

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

© Copyright 1997-2025 INQUIRER.net | All Rights Reserved

This is an information message

We use cookies to enhance your experience. By continuing, you agree to our use of cookies. Learn more here.