MANILA, Philippines – The Philippine Stock Exchange Index (PSEi) rallied along with its Asian peers as news about easing financial regulations signaled a risk on the appetite for equities. The main index closed at 7,294.40, up by 67.70 points or 0.94 percent.
All sectors ended higher with the exception of the Mining and Oil sector. The best performer for the day was the Property sector rising by 1.88 percent. ALI rose by 1.56 percent, to close at 35.70. MEG also rallied to close at 3.82, up by 0.18 points or 4.95 percent. SMPH also inched higher to close at 30.80, up by 2.67 percent. ALCO also took the limelight as it also entered the top 10 most active stocks for the day. ALCO closed at 1.40 but reaching as high as 1.67, up by 21.74 percent. RLT also continued its rally to close at 0.90, up by 36.36 percent. RLT also entered in the top 10 most active stocks for the day.
The mining sector was the sole loser for the day. FNI dove and opened lower at 2.32 but recovered some ground to close at 2.58, still down by 5.84 percent for the day. MA is also down by 8.33 percent, AT by 4.42 percent, MARC by 4.35 percent, and COAL by 4.04 percent.
The most active stock for the day is GTCAP with P470.12 million in value, followed by ALI with P396.31 million, and ALCO with P306.20 million.
The significant gainers include PHES, up 41.51 percent; RLT, ALCO, and ROX by 20.32 percent, MG by 19.23 percent, WPI by 10.59 percent, WIN by 9.47 percent, and TUGS by 9.12 percent.
The significant losers include PHA by 7.78 percent, FNI by 5.84 percent, NOW by 5.63 percent, MED by 4.82 percent, and ION by 4.44 percent.
There were 97 advancers, 91 decliners while 48 names remain unchanged.
Value turnover is relatively higher at P8.22 billion. Foreigners bought P4.96 billion worth of Philippine equities and sold P5.33 billion resulting to a net foreign selling of P372.36 million.
On a 30-day trading period, PSEi is on a Net Foreign Selling worth PHP2,203,978,000.00.
To interpret the chart below, please note that the farther the stock from the center of the circle, the bigger is the Net Foreign Buying. The closer the stock to the center of the circle, the bigger is the Net Foreign Selling. These 50 stocks in this chart are the 50 stocks with the biggest total turnover value.
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