Next Target: 4,000pts

Local shares surged Wednesday on upbeat investor sentiment, with the bellwether Philippine Stock Exchange index (PSEi) gaining 0.72% or 27.99 points to break the 3,900-mark and close at 3,926.86 points. The wider all-shares index likewise grew, increasing 0.37% to end Wednesday trading at 2,936.52 points.

All counters are also on an uptrend, with the Property index gaining 1.66%; Financials sector, 1.24%; and Mining & Oil index, 1.13%. Trading volume reached 1.12 billion, valued at PhP5.5 billion, on 13,419 trades.

Gainers led losers 89 to 51, while 27 stocks remain unchanged.

The leading stock price gainers for the day are as follows:

  1. Asia Amalgamated Holdings Corp. (PSE: AAA): PhP0.40, +33.33% 
  2. Wellex Industries Inc. (PSE: WIN): PhP0.08, +11.11% 
  3. East Asia Power Resources Corp. (PSE: PWR): PhP0.315, +8.62% 
  4. Philippine Long Distance Telephone Co. 10% Cumulative Convertible Pref. Series L (PSE: TELL): PhP11.50, +8.49% 
  5. United Paragon Mining Corp. (PSE: UPM): PhP0.013, +8.33% 
  6. Oriental Petroleum and Minerals Corp. “B” (PSE: OPMB): PhP0.014, +7.69% 
  7. MacroAsia Corp. (PSE: MAC): PhP3.38, +7.30% 
  8. Philippine Racing Club Inc. (PSE: PRC): PhP5.79, +7.22% 

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