PHStocks Week in Review: Optimism

Manila–(PHStock)–Local shares ended the week on a positive note, recovering from a three-day poor performance, on optimism of a possible bailout deal in Greece next week. The mainboard Philippine Stock Exchange index (PSEi) closed at 4,880.71, up by 2.03% from last week, and 20 points shy of breaching the 4,900-point mark.

The week of 13-17 February, however, had several setbacks. From a 4,802.03 close on 13 February, the PSEi dived to 4,775.93 points, together with most counters on Valentine’s Day. The drop continued on 15 February, with PSEi closing at 4,772.47 points, until 16 February, with a closing of 4,766.57. The news of Greece possibly sealing its bailout package next week pulled up stocks on Friday, with the PSEi surging by 2.4% to close at 4,880.71 points.

All counters except the Mining and Oil index posted growth, led by the Services index, which rose by 4.26%. The Property index pulled a 3.62% gain, while the Financials index continued its steady growth, this wee posting an increase of 2.89% from last week.

Below are the screenshots of the market performance during the past week. (Photos grabbed from the Philippine Stock Exchange website.)

Below are the top price gainers during the week:

1. Acesite (Philippines) Hotel Corporation (PSE: ACE): PhP8.5, +52.06%

2. MJC Investments Corporation (PSE: MJIC): PhP2.77, +42.05%

3. Cebu Property Ventures and Development Corp. “B” (PSE: CPVB): PhP3.95, +41.07%

4. Cebu Holdings Inc. (PSE: CHI): PhP6.01, +40.75%

5. Cebu Property Venture & Development “A” (PSE: CPV): PhP4.1, +32.26%

6. The Philodrill Corp. (PSE: OV): PhP0.039, +21.88%

7. Lodestar Investment Holdings Corp. (PSE: LIHC): PhP1.17, +19.39%

8. Union Bank of the Philippines (PSE: UBP): PhP104, +15.56%

9. Anchor Land Holdings Inc. (PSE: ALHI): PhP22.9, +13.93%

10. Dizon Copper Silver Mines Inc. (PSE: DIZ): PhP25.5, +13.59%

11. GEOGRACE Resources Philippines Inc. (PSE: GEO): PhP1, +12.36%

12. IP E-Game Ventures Inc. (PSE: EG): PhP0.211, +12.23%

13. Philippine Seven Corporation (PSE: SEVN): PhP28, +12%

14. GMA Network Inc. (PSE: GMA7): PhP9.51, +11.88%

15. Transpacific Broadband Group International Inc. (PSE: TBGI): PhP3.02, +11.85%

16. IPVG Corp. (PSE: IP): PhP1.45, +11.54%

17. City & Land Developers Inc. (PSE: LAND): PhP1.69, +11.18%

18. Manila Mining Corp. “B” (PSE: MAB): PhP0.084, +10.53%

19. Interport Resources Corp. Class “A” (PSE: IRC): PhP0.95, +10.47%

20. Megawide Construction Corp. (PSE: MWIDE): PhP11.5, +10.15%

21. A. Soriano Corp. (PSE: ANS): PhP3.63, +10%

22. Asia Amalgamated Holdings (PSE: AAA): PhP5.8, +9.43%

23. Rizal Commercial Banking Corp. (PSE: RCB): PhP34.5, +9.35%

24. Globe Telecom Inc. (PSE: GLO): PhP1,248.00, +8.71%

25. iPeople Inc. (PSE: IPO): PhP5.68, +7.98%

26. Island Information & Technology Inc. (PSE: IS): PhP0.068, +7.94%

27. MRC Allied Inc. (PSE: MRC): PhP0.275, +7.84%

28. South China Resources Inc. (PSE: SOC): PhP1.38, +7.81%

29. Robinsons Land Corp. (PSE: RLC): PhP15.82, +7.62%

30. Ayala Land Inc. (PSE: ALI): PhP20.5, +6.88%

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