PSE UP ANEW

The Philippine Stock Exchange (PSE) rose anew with the rally occurring in the last hour of trading pushing the index up by 66.04 points or 1.05 percent to 6,344.63 points after a so-so performance in the early going.

And for the second day in a row, foreign investors were net buyers, with foreign buying of P4.933 billion against foreign selling of P4.719 billion for net buying of P214 million.

BDO Unibank, which gained P1.80 to close at P95.75 had net foreign buying of P212 million of its value turnover of P515 million, the third most active share.

Market bellwether SM Investments had net buys of P170 million as it bucked a low of P917.50 to close P24 higher to P945, while Jollibee Foods rose by 50 centavos as foreign investors were again net buyers for the issue amounting to P48 million. 

Ayala Land bannered the list of active stocks as it traded P534 million in a P1 rise to P33.50 while SM Prime, also with net foreign buying of P71 million, rose by P1.05 to P33.50.

Value turnover was a high of P9.808 billion with 100 gainers and 112 decliners. There were 48 shares unchanged. The property sector had the biggest gain at 2.73 percent.