Philippine stocks firm up as US banking jitters wane

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The benchmark Philippine Stock Exchange Index extended gains after Wall Street had rallied on fading banking crisis woes and steady buying from foreign investors. | miguelrcamusINQ /PDI

Stock market data showed that 573.95 million shares valued at P4.03 billion had changed hands while foreigners were net buyers amounting to P557.4 million.SP New Energy Corp. was the top traded stock as it closed flat at P1.77 per share.It was followed by BDO Unibank Inc., flat at P128.50; SM Investments Corp., down 0.72 percent to P902.50; International Container Terminal Services Inc., up 1.87 percent to P218; and Ayala Land Inc., down 1.38 percent to P28.50 per share.

SM Prime Holdings Inc. was down 1.03 percent to P33.65; ACEN Corp., down 0.78 percent to P6.37; PLDT Inc., down 0.29 percent to P1,376; Semirara Mining and Power Corp., flat at P33.05; and Universal Robina Corp., flat at P147 per share.Subscribe to our daily newsletter

 

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