The Philippine Stock Exchange index held steady above 6,600 despite a modest pullback as investors prepared to digest fresh leads, including the US Federal Reserve’s next policy meeting on July 26.
Tiu-led Repower Energy Development Corp. made its trading debut on Monday as it completed the country’s third initial public offering for the year. A total of 659.6 million shares valued at P3.12 billion changed hands while net foreign buying reached P128.4 million. PSE subsectors were mixed as mining and oil and financial climbed while holding firms, services, industrial and property declined.It was followed by Metro Pacific Investments Corp., down 0.20 percent to P4.91; Globe Telecom, up 1.
Ayala Corp. was up 0.71 percent to P639; International Container Terminal Services Inc., down 2.02 percent to P204; Bloomberry Resorts Corp., up 0.51 percent to P11.78; SM Investments Corp., down 1.81 percent to P923; and Universal Robina Corp., down 1.43 percent to P131.10 per share. Overall, there were 114 losers against 73 advancers while 41 companies closed unchanged, data from the stock exchange showed.Your subscription has been successful.
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