PSE RACKS UP MORE GAINS

The Philippine Stock Exchange (PSE) racked up some more gains with renewed buying interest on selected blue chips as the speculative play on oil companies cooled a bit with the index gaining 93.45 points or 1.55 percent to end the day still up its milestone level at 6,112.71.

Jollibee Foods emerged the most active stock rising by 9.31 percent or P14.00 to close at P169 helped by foreign buying of P281 million with total value turnover of P660.53 million. BPI and BDO Unibank were the second and third most active stocks as they respectively rose by P2.10 and P1.80 to close at P69 and P90.80.

As a result, the financial sub sector had the biggest gain at 1.99 percent while the mining and oil sector, hit by the sell down in the oil stocks, lost a huge 4.60 percent. Philex Petroleum lost P1.30 to close at P10.28 while Atok Big Wedge and Apex declined.

PLDT and Globe Telecom gained while Dito lost in today’s trade where P8.225 billion were transacted, of which net foreign selling amounted to P718 million on foreign buying of P2.925 billion and foreign selling of P3.648 billion. PLDT was up by P13 to P1,311 while Globe Telecom was up by P4 to P2,006.00. Dito lost  13 centavos to P6.11.

Gainers were ahead of decliners, 112, 98 with 46 shares unchanged. Among the unchanged shares were Metro Pacific and PureGold with share prices of P4.01 and P41.50 respectively. Market bellwether SM Investments gained P16 or 1.79 percent to close at P910 with total trade of P241 million.

Market darling MerryMart declined by 23 centavos to close at P3.15 with total trade of P239 million while SM Prime, hobbled by foreign selling of P92 million, lost 5 centavos to close at P31.35.