PH Stocks Continue Rally on Stronger Investor Confidence

Local shares continue their upward trend for the sixth consecutive trading day, with the bellwether Philippine Stock Exchange index (PSEi) surging to 3,959.94 points on Thursday, up 0.84% or 33.08 points. The wider all-shares index, meanwhile, ended the day with a gain of 0.19% or 5.54 points to reach 2,942.06 points.

All counters except the Mining & Oil sector registered increases, led by the Financials index with a gain of 1.63%, followed by the Property sector, which increased 1.53%. The Mining & Oil index shed 1%.

Trading volume reached 1.45 billion, worth PhP5.92 billion, on 13,692 trades. Losers however outnumber gainers 66 to 60, while 38 stocks remained flat.

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

  1. Asia Amalgamated Holdings Corp. (PSE: AAA): PhP0.59, +47.5% 
  2. Omico Corp. (PSE: OM) WARRANTS (PSE: OMW2): PhP0.0025, +13.64% 
  3. BDO Leasing & Finance Inc. (PSE: BLFI): PhP1.80, +12.5% 
  4. Unioil Resources & Holdings Co. Inc. (PSE: UNI): PhP0.12, +7.14% 
  5. Philippine Long Distance Telephone Co. 10% Cumulative Convertible Pref. Series P (PSE: TELP): PhP11.50, +5.5% 
  6. Holcim Philippines Inc. (PSE: HLCM): PhP11.60, +5.45% 
  7. IP E-Game Ventures Inc. (PSE: EG): PhP14.40, +4.8% 
  8. ISM Communications Corp. (PSE: ISM): PhP3.23, +4.19%

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