PSE ROARS FURTHER

The Philippine Stock Exchange (PSE) today roared further and this time boosted by net foreign buying gained another 180.72 points or 2.80 percent to close at 6,644.77 points. 

Value turnover was at a high of P10.17 billion with 128 gainers against 73 losers with 53 shares unchanged as the foreign investors turned as net buyers to the tune of P623 million resulting in the index's surge.

Market bellwether SM Investments was the most active stock with P1.01 billion as it topped 1,010 with a P14 rise helped by a net foreign buying of P167 million. Its affiliate, SM Prime, also with P124 million in net foreign buying, rose P1.46 to P35.30.

Dito, reported to have been stripped of its telco asset, was the second most active, with its share price dropping by 42 centavos to P712, while Ayala Land, which had P123 million in net foreign buying, went up by 70 centavos to P34.05.

The PSE index could have gone higher were it not for the mining and oil sector's  decline of 0.29. The holding firms rose by 3.18 percent while the property sector gained 3.28 per cent. The other sectors went up, too.

BDO Unibank posted a P2.35 gain to P92.85 even with net foreign selling of P172 million. Metrobank rose by 5 centavos to P42.80 while Bank of PI was up by P3 to P79. Converge gained 26 centavos while market darling MerryMart went up by 10 centavos.