PSE UP ON LATE SURGE IN BUYING
The Philippine Stock Exchange (PSE) index maintained its momentum today going up with a late surge in buying to close 6,583.84 points , an increase of 69.48 points or 1.07 %, as the buying binge in the last canto again perked up the market.
That uptick started after two hours of trading with the PSE index in negative territory at 6,493.50 points with P3.8 billion in value turnover and gainers at 102 and losers 89 with 41 shares unchanged.
A huge surge late in the session of P4.7 billion resulted in 135 gainers against 73 losers and 43 issues unchanged with the value turnover at another robustP8.54 billion indicating the new –found interest in the stocks following the perceived baby steps to normalcy with the GCQ.
Blue chips hogged investment interest with the top 20 active stocks accounting for P5.46 billion or 63 % of the total value turnover for the day with property giant Ayala Land accounting for P454 million with its price unchanged at P38 followed by Alliance Global which suffered a 20 centavo decline to P7.30 on total trade of P433 million.
Other blue chips that fared well , transaction -wise, were SM Prime which went up by 10 centavos, Jollibee Foods, up by P6.40; BPI, up 30 centavos ,; Metrobank, down 60 centavos and BDO Unibank up by P3.50.
Among the second liners that piqued interest were Double Dragon which rose by 42 centavos, Keppel Phil Properties which topped the gainers column with a 42.33 % rise, and ABS which lost 4 centavos to close the day at P15.74