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Ayala Corp. climbs after Q2 earnings results - BusinessWorld Online

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INVESTORS snapped up Ayala Corp. shares last week after its second-quarter net profit jumped by double digits. READ

INVESTORS snapped up Ayala Corp. shares last week after its second-quarter net proData from the Philippine Stock Exchange showed a total of 1.43 million shares worth P1.091 billion were traded from Aug. 15 to 19, making it the ninth most actively traded stock last week.nished at P770 apiece last Friday, up by 5% week on week from its close of P733 each on Aug. 12. However, the stock has declined by 7.6% since the beginning of the year.

The holding company posted an attributable net income of P8.46 billion in the second quarter, up by 68.5% from the P5.02 billion recorded in the same period last year.rst-half net income increasing by 56.4% to P16.27 billion, higher than the P10.4 billion in the same six months in 2021. Salisbury BKT Securities Corp. Equity Sales Trader Juan Paolo R. Dela Cruz attributed the strong performance of Ayala Corp. to the continued easing of COVID-19 curbs as the number of infections lessened.

Since March, Metro Manila and other parts of the country have been placed under Alert Level 1, the most relaxed quarantine restriction.

 

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Stocks seen to pull back after robust Q2 results - BusinessWorld OnlineThe Philippine Stock Exchange index (PSEi) posted gains on Friday, inching up by 39.23 points or 0.57% to close at 6,863.86, while the broader all shares index went up by 15.80 points or 0.43% to 3,635.57. READ:
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