Seventeen blue chips gained in today’s trading at the Philippine Stock Exchange (PSE), with LT Group, San Miguel Corp, Ayala Corp, DMCI Holdings, and Petron Corp taking the top spots.
LT Group is today’s top blue chip gainer
LT Group (PSE:LTG) gained 6.5 percent in today’s trading, ending the day at P24.5 a share, a 52-week high. LT Group did not issue any disclosure although businessman Lucio Tan was quoted in reports as saying that PAL Holdings is considering a re-IPO. PAL Holdings has denied the report.
San Miguel Corporation gains 2.86%
San Miguel Corporation (PSE:SMC)’s stock ended today’s trading at P136.8 a share, up 2.86 percent from last week’s close. San Miguel Corporation’s stock was P0.1 shy from its 52-week high of P136.9. SMC did not issue a disclosure today.
Ayala Corporation up by 1.84%
Ayala Corporation (PSE:AC) was up 1.84 percent in the closing bell, trading P1,050 a share. Ayala’s stock has a 52-week high of P1,116 a share and 12-month low of P776.5 a piece. Last week, Ayala disclosed that its board of directors approved the restructuring of Ayala’s energy business that will result in the creation of two wholly owned platforms – Renewable Energy and Thermal Energy.
DMCI Holdings gains 1.78%
DMCI Holdings, Inc (PSE:DMC) gained 1.87 percent today, trading at P14.9 a share at close. The Company has a 25% interest in Maynilad Water Services, Inc. through Maynilad Water Holding Company, Inc., a consortium with Metro Pacific Investments Corporation and Marubeni Philippines Corp.
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Petron Corporation now at P9.28 a share
Petron Corporation (PSE:PCOR)’s stock gained 1.64% in today’s trading to end at P9.28 a piece. Petron announced today the issuance of US Dollar-denominated undated unsubordinated capital securities with an issue size of US$500 million. – BusinessNewsAsia.com