ALI bounces back despite gloomy market sentiment

AYALA Land, Inc. (ALI) rose last week as the market tracked the overall index performance.

Based on data from the Philippine Stock Exchange, around P2.23-billion worth of 77.34 million shares in Ayala Land were traded from May 16 to 20, making it the third most actively traded stock last week.

Shares in the Ayala-led real estate company rose by 5.5% week on week to P29.00 per share on Friday from its P27.50 apiece finish on May 13. However, since the first trading…

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