The bellwether Philippine Stock Exchange index (PSEi) ended Tuesday 0.16% or 5.95 points lower on slow trading activity. All local shares, on the other hand, gained 1.98%. The Holding Firms, Industrial and Financial indices, closed at positive points as well, while the Services sector led dropped 1.19%.
Trading volume was only 602 million stocks, valued at PhP3.51 billion. Losers outnumber gainers 72 to 51, while unchanged stocks are 39.
San Miguel Pure Foods Co. Inc. (PSE: PF), on the heels of its recent announcement regarding its Board’s approval of 15 million new preferred shares, led the top 10 gainers for today with a 50% increase in its stock price to PhP2,250.00. Liberty Flour Mills Inc. (PSE: LFM), meanwhile, continues to be among the top three performing stocks, posting a 41.33% stock price increase to PhP106.00 at the end of trading day today.
The rest of the gainers for Tuesday are as follows: