USD/PhP: 42.755 PSEi: 4341.74 + 73.00
USD/JPY: 80.62 PFINC: 1005.47 +15.91
EUR/USD: 1.3985 BDO: 62.55 +1.55
GBP/USD: 1.6069 BPI: 59.50 + 0.85
PDSTF3M: 3.8404 MBT: 79.90 +1.55
Prices as of 4:00pm Source: Bloomberg, Reuters
Yield on 91-day T-bill falls 17.5 basis points
Yield on the 91-day Treasury bill dropped 17.5 basis points to an average of 3.4 percent as auctions on Tuesday get mixed results, the Bureau of Treasury said.
Interest on the 182-day T-bill fetched 3.941 percent, up 0.6 basis points, while those for the 364-day T-bill fetched 4.165 percent, up by 3.6 basis points.
RP stock market hits new high
Local stocks surged by 1.7 percent on Tuesday to break out of the 4,300 level to a new record high, boosted by expectations of robust local corporate earnings.
The main-share Philippine Stock Exchange index racked up 73 points to close at 4,341.74.
The upswing was supported by the holding firms and property firms which went up by 2.8 percent and 2 percent, respectively. All other counters also rose by over 1 percent.
There were 86 advancers as against 49 decliners and 34 unchanged stocks. Value turnover was P5.97 billion.
Among the most actively traded stocks were Alliance Global Group Inc., Megaworld Corp., Banco de Oro Unibank Inc., Ayala Land Inc., Metropolitan Bank & Trust Co., Metro Pacific Investments Corp., Universal Robina Corp., Filinvest Land Inc., DMCI Holdings Inc., International Container Terminal Services Inc., Aboitiz Power Corp., First Gen Corp., Ayala Corp. and SM Investments Corp. which led the day's rally.
On the other hand, there was further profit-taking on newly listed Cebu Air Inc., Philippine Long Distance Telephone Co., Atlas Consolidated Mining & Development Corp. and SM Prime Holdings Inc.
Source: Philippine Daily Inquirer
Jonathan Ravelas
Chief Market Strategist
(632) 858-3145
Rhys Cruz
Junior Researcher
(632) 858-3001
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