Third time’s the charm

The PSEi (7,716.06, +1.35%) tested the 7,700 psychological level for the third time and finally managed to close above it, rising to a new intraday high of 7,738.12 before succumbing to a little profit taking near the end of the session. This also marks the local bourse’s eighth time to break its record close this year. All the sub-indices flashed green today, led by the service sector (2,185.42, +1.97%) which was lifted mainly by telecommunication giant TEL (3,086.00, +3.56%). The mining and oil index (16,202.91, +1.66%) was not too far behind, buoyed by gains from SCC (156.90, +4.60%) which closed at a new 52-week high. BDO (114.00, +2.24%), MBT (94.70, +1.50%), PNB (87.00, +2.35%), and BPI (98.20, +0.26%) sustained the upward momentum of the financial index (1,784.46, +0.96%), while the property sector (2,987.73, +0.98%) took its cue from ALI (36.00, +1.69%), which captured the highest amount of total trades for the day. The industrial sector (12,674.34, +0.92%) made a rebound due to JFC (229.40, +1.96%), EDC (8.56, +1.42%), URC (206.00, +0.49%), AP (44.95, +1.24%), MER (274.00, +1.71%), and FGEN (30.45, +1.33%), while the holding companies index (6,832.91, +0.89%) got its strength from LTG (15.36, +9.71%), AC (730.00, +2.10%), DMC (15.80, +2.86%), AEV (58.00, +0.78%), GTCAP (1,210.00, +0.83%), and SM (905.00, +0.17%).

source Techistock.net

Window dressing pushes index to new record close

Technistock.Net.White

The Philippine benchmark index (7,689.91, +0.95%) moved towards a new record close, buoyed by month-end window dressing. Around 2.6 billion stocks worth P12.19 billion changed hands today, with gainers outnumbering losers 93 to 89. The property sector (2,992.90, +1.55%) registered the biggest percentage increase for the session mainly due to the rebound of ALI (36.10, +2.56%), RLC (27.80, +4.91%), and MEG (5.20, +1.17%). The holding companies index (6,819.64, +1.46%) was not too far behind, boosted by gains of SM (929.00, +2.09%), JGS (65.50, +2.42%), AGI (25.05, +2.24%), and AC (726.50, +1.32%). A new 52-week high from fast food giant JFC (232.00, +3.57%) lifted the industrial index (12,691.84, +1.05%), while BPI (99.00, +1.54%), PNB (84.20, +5.25%), and BDO (114.50, +0.44%) led the ascent of the financial sector (1,790.12, +0.23%). The service sector (2,156.11, +0.06%), meanwhile, inched higher on the back of gains from PGOLD (42.00, +1.94%), BLOOM (12.38, +0.65%), and GLO (1,746.00, +0.34%). The mining and oil sector (15,754.19, -0.93%), on the other hand, slid further due to gold and copper producers PX (8.44, -2.99%), LC (0.26, -5.45%), LCB (0.27, -3.57%), and MA (0.0150, -6.25%).

PSEi up for fifth day in a row 10/07/13

The local benchmark index (6,443.21, +0.83%) rose for the fifth consecutive session, taking its cue from the gains of the major US markets last Friday. Around 1.39 billion shares worth P6.07 billion changed hands today, with gainers outnumbering the losers 90 to 51. Five of the six sub-indices advanced today, with the holding companies sector (5,803.51, +1.86%) outpacing its peers mainly due to index-heavy SM (837.00, +3.65%) and AC (615.00, +1.49%). Lucio Co-led COSCO (10.68, +6.59%), which cornered a sizable chunk of today’s total trades, also pitched in. The industrial sector (9,360.24, +0.53%) made a rebound today on the back of gains from URC (118.60, +1.37%), MER (299.20, +1.01%), JFC (175.20, +0.23%), SMC (76.30, +1.73%), AP (34.20, +0.88%), and FGEN (16.26, +0.62%), while BDO (77.45, +0.58%), MBT (85.75, +0.18%), BPI (100.90, +0.60%), and SECB (140.00, +0.72%) lifted the financial index (1,588.80, +0.45%). ALI (28.80, +1.05%), SMPH (16.66, +2.08%), and BEL (5.16, +3.20%) led the ascent of the property sector (2,475.93, +1.23%), while PX (8.34, +2.21%), LC (0.44, +2.33%), and LCB (0.4550, +2.25%) pulled the mining and oil index (12,351.01, +0.49%) higher. Only the service sector (2,038.64, -0.48%) closed in the red today, weighed down by losses from TEL (3,000.00, -0.66%), ICT (101.40, -0.49%), and GLO (1,621.00, -1.76%). Grocery retailer PGOLD (46.00, +1.77%), however, managed to defy the downtrend in its sector and posted a new 52-week high for the third day in a row. Increased activity was also seen in EMP (9.24, +1.87%), whose change in corporate name from Trillionstars Holdings, Inc. to Emperador Inc. will take effect on the trading system today.