Philippine Stock Market back in the green zone

pse3222013After going down for several consecutive days, the Philippine Stock Market is now moving up again and is now back to the 6,500 level.

Yesterday, PSE index closed at 6,472.98 up by 53.36 points from its lowest close (since Feb 11, 2013) of 6,419.62 last March 20, 2013. Today, the PSE main index closed higher again at 6,518.71 up by 0.71% or 45.73 points. It’s intra- day high reaches 6,551.06 at about 1:39PM. All other indices are in the green zone except the Industrial index which closed at 9,866.40, down by 0.12% or 12.15 points.

The broader All Shares index is up by 0.56% or 22.77 points at 4,099.26, Financials which is the biggest gainer is up by 1.38% or 23.63 points at 1,729.86, Holding firms added 0.69% or 38.89 points to close at 5,702.38, Services is also up at 1,918.93 adding 7.95 points, Mining and Oils the 2nd biggest gainer today closed at 21,491.46 up by 1.01% or 213.97 and the Property index, up by 0.685 or 17.83 points at 2,653.34.

Advancers slightly edges the number of losers at 89-74 ratio, while 31 were unchanged. Most active in today’s trading is PLDT (Philippine Long Distance Telephone Co.) with the total value of 974,770 but their stocks went down 18 points or 0.64%. Top gainer today was Medco Holdings Inc. up by 0.115 points or 42.59% while top loser was Mariwasa Siam Holdings Inc. which went down 1.74 points or 25.25%.

Total volume turnover is 769,548,345 with total value of 9,322,265,601.

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6 thoughts on “Philippine Stock Market back in the green zone

  1. Our government should have shared the blessings our country gained through dispersing major projects not just in Manila but also in other major city like METRO CEBU. It has been a long time Cebu is begging to our government to support and finance the Cebu transit system and until now its not happening. Cebu is one of the big contributors why our economy; as a country, experience a good performance and yet Manila is so greedy about investments.

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    • i think it’s the local government of cebu that should be pressed on this. national government’s project per region or province is course through it’s local government i supposed. so might be good to question the congressman or governor what is happening with those projects :). anyways thanks for dropping by sir πŸ™‚

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  2. PSE Academy (www.pseacademy.com.ph) provides a comprehensive, interactive, and practical web-based investor education for market participants, would-be equity investors, and the public in general. πŸ˜€

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