—INQUIRER FILE PHOTO
The local stock barometer made a big comeback on Tuesday as investors cheered the latest inflation data, which fell within the government’s target range.
By the closing bell, the benchmark Philippine Stock Exchange Index (PSEi) surged by 1.71 percent, or 121.84 points, to 7,257.94, snapping a two-session losing streak.
Article continues after this advertisementThe broader All Shares Index likewise climbed by 1.06 percent, or 41.85 points, to close at 3,993.51.
FEATURED STORIES BUSINESS Office vacancies in Metro Manila hit 20-yr high BUSINESS BIZ BUZZ: Ooh la la! The Canadians are coming BUSINESS Expanding care in Tuguegarao: Mount Grace Hospitals and Divine Mercy Wellness & Medical Center partner upREAD: Asian markets swing ahead of toss-up US election
Philstocks Financial Inc. data showed that value turnover was at P4.39 billion, or below the year-to-date average of P5.16 billion. Investors snapped up the shares of property firms the most as the sector surged by 3.38 percent.
Article continues after this advertisementJaphet Tantiangco, senior analyst at Philstocks, said the bourse was able to bounce back as the October inflation print stood at 2.3 percent, or at the midpoint of the Bangko Sentral ng Pilipinas’ projection of 2 percent to 2.8 percent.
Article continues after this advertisementBDO Unibank Inc. was the top-traded stock as it climbed by 2.97 percent to P156 per share.
Article continues after this advertisementIt was followed by Ayala Land Inc., which surged by 4.55 percent to P34.50; Bank of the Philippine Islands, up 1.27 percent to P143.50; International Container Terminal Services Inc., up 0.99 percent to P409; and Ayala Corp., up 2.90 percent to P710.
Other actively traded stocks were SM Investments Corp., up 0.31 percent to P962; Metropolitan Bank and Trust Co., up 1.99 percent to P77; Universal Robina Corp., up 3.01 percent to P101; SM Prime Holdings Inc., up 4.22 percent to P30.85; and DigiPlus Interactive Corp., up 2.16 percent to P21.25 each.
Article continues after this advertisementGainers outnumbered losers, 115 to 89, while 52 companies closed unchanged.
Subscribe to our daily newsletter
Powered by CODVIP|711BET Online Casino|711 bet login app|711 bet Slots Casino @2013-2022 RSS Map HTML Map
Powered by站群
