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.

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