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Most Profitable Stocks in Philippine Stock Market

The local stocks ended Tuesday on the red while the peso traded sideways as investors remain at the sidelines given the negative developments overseas.

The composite index slid by 0.37 percent or 19.77 points to 5,331.13 points from the previous day’s 5,350.90 level.

Also, the all shares index contracted by 0.27 percent or 9.45 points to 3,543.30 points from Tuesday’s 3,552.75 points.

The mining and oil, and the property indices registered gains contrary to the rest of the sectoral indices namely the financials, industrial, holding firms and services, which all tracked the main index.

Value turn-over reached P6.58 billion after 1.67 billion shares changed hands.

Among the most active stocks are the BPI, Metrobank, Ayala Land, PLDT, BDO, Alliance Global, SMIC, Ayala Corporation, EDC, and Security Bank.

Meanwhile, the local currency moved sideways after closing at 41.75 from Monday’s 41.61 finish.

It started the day at 41.70, a far cry from day-ago’s 41.33 opening level.

Its strongest trade for the day stood at 41.67 while weakest was at 41.78 resulting to an average of 41.72.

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