Saturday, July 19, 2025

Stocks rise on bargain-hunting

SHARE prices ended up Monday as investors took to bargain-hunting.

The Philippine Stock Exchange index was up 45.99 points to 5,667.93, a 0.82 percent hike.

The broader all shares index was up 22.44 points to 3,426.24, a 0.66 percent hike.

Gainers edged losers 90 to 80 with 55 stocks unchanged. Trading turnover reached P4.54 billion.

The peso closed at 50.30 to the dollar, up from 50.42 on Friday.

The currency opened at 50.45, its intraday high and hit a low of 50.30.

SB Equities Inc. said investors “continue to find value at current market level and valuations at attractive levels.”

But it said investors were still waiting for the announcement set last night of President Duterte on the lockdowns in effect in several parts of the country.

Most actively traded Pure Gold Price Club Inc. was up P1.20 to P49. BDO Unibank Inc. was up P1 to P98. Ayala Corp. was down P5 to P699. Ayala Land Inc. was up P0.65 to P33.30. Globe Telecom Inc. was down P70 to P2,080. PLDT Inc. was down P37to P1,170. International Container Terminal Services Inc. was up P1.60 to P84.60. Universal Robina Corp. was up P6 to P129. Metro Pacific Investments Corp. was up P0.11 to P2.97. SM Investments Corp. was up P4 to P808.

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