PSE INDEX RISES ANEW

The Philippine Stock Exchange (PSE) index today rose some and even with some investors pocketing their gains still managed to eke a respectable 53.12 point rise or 0.73 percent up to 6,867.88 points.

The selling pressure was actually intense in the last hour of trading, but the entry of bargain hunters allowed the PSE index to regain it's bearings to add 20 points to its lowest point, as net foreign buying amounted to P567 million on foreign buying of P2.602 billion, and foreign selling of P3.169 billion.

Value turnover was a hefty P10.62 billion with 157 advancers, 68 decliners and 43 shares unchanged. PLDT had foreign buying of P188 million as it went up by P18 to P1,424, and was the sixth most active stock with trades of P394 million.

Second liners again dominated trading with Abacore Capital the most active with P957.3 million as it closed 16 centavos lower to P1.19 although it went up to a high of P1.48.

Dito CME, with foreign buying of P14 million out of trades of P921 million, closed at P13.66, up by P1.16, while Ayala Energy was third most active with P828 million as it gained by 92 centavos to P7.60.

All sub sectors were up, except for the property sector, which went down by 0.36 points.

The mining and oil posted the biggest gain with a 3.30 percent rise, followed by the industrials' 2.59 percent rise. The financials were up 0.59 percent, holding firms, 1.23 percent, and services, 0.55 percent.

Market bellwether SM Investments rose by a peso to P1,008 with foreign buying of P19 million out of its P263 million trade, while market darling MerryMart posted a gain of 59 centavos to end a centavo shy of P7.

Jollibee Foods went up by a peso to P179.80.

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