PH Stocks Continue to Slide

Local shares were down for the fourth consecutive trading day since Friday. The main board Philippine Stock Exchange index (PSEi) dropped almost 0.46% to 3,878.44 points on Wednesday, while the wider all-shares index limited the decline to 0.05%. On sectoral indices basis, only the Services industry declined, suffering a 2.85% drop.

Trading volume reached 1.22 billion, but valued at a whopping PhP26.3 billion. There were 68 gainers against 60 losers, while 40 shares were unchanged.

Below are the leading gainers for the day:

  1. Acesite (Phils.) Hotel Corp. (PSE: DHC): PhP2.50, +26.26%
  2. Philippine Estates Corp. (PSE: PHES): PhP0.095, +5.56%
  3. Tanduay Holdings Inc. (PSE: TDY): PhP3.00, +5.26%
  4. Philippine National Bank (PSE: PNB): PhP48.10, +4.45%
  5. PAL Holdings Inc. (PSE: PAL): PhP5.00, +4.17%
  6. Mabuhay Vinyl Corp. (PSE: MVC): PhP1.10, +3.77%
  7. Century Peak Metals Holdings Corp. (PSE: CPM): PhP1.95, +3.72%
  8. Lepanto Consolidated Mining Co. (PSE: LC): PhP0.45, +3.45% 

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