5,016.30 Points

Manila–(PHStocks)–Local shares made history this week as the bellwether Philippine Stock Exchange index (PSEi) stocks surge past the 5,000-point mark to close at 5,016.30 points – up 2.52% from last week and higher by 14.74% to date.

At the close of trading day on Friday, 2 March, all counters were up, led by the Property index, which gained 2.26% from the previous day. The Holding Firms sector followed, gaining 2.12%.

On a weekly basis, the Property index registered a 3.47% growth, while the Financials index went up by 2.28%.

One reason for the local stocks’ rally is the pick-up by foreign investors. According to Inquirer, net foreign buying at the local stock market amounted to PhP22.72 billion from January to February – a very strong turnaround from the PhP7.65 billion in net selling reported in the same period last year.

Below is the list of the top 30 price gainers for the week:

1. Manchester International Holdings Unlimited Corp. “A” (PSE: MIH): PhP2.39, +56.21%

2. Philippine Estates Corp. (PSE: PHES): PhP0.55, +52.78%

3. Imperial Resources Inc. “A” (PSE: IMP): PhP14, +47.37%

4. National Reinsurance Corporation of the Philippines (PSE: NRCP): PhP2.77, +39.9%

5. Manchester International Holdings Unlimited Corp.  “B” (PSE: MIHB):PhP2.38, +32.22%

6. IP Converge Data Center Inc. (PSE: CLOUD): PhP3.12, +23.32%

7. Wellex Industries Inc. (PSE: WIN): PhP0.37, +21.31%

8. Anchor Land Holdings Inc. (PSE: ALHI): PhP27.5, +17.02%

9. Mariwasa Siam Holdings Inc. (PSE: MMI): PhP5.45, +13.54%

10. Filipino Fund Inc. (PSE: FFI): PhP10, +12.23%

11. Belle Corp. (PSE: BEL): PhP4.49, +11.97%

12. ATR KimEng Financial Corp. (PSE: ATRK):PhP4, +11.11%

12. Leisure & Resorts World Corp. (PSE: LR):PhP7.2, +11.11%

12. Boulevard Holdings Inc. (PSE: BHI): PhP0.19, +11.11%

15. Asia Amalgamated Holdings (PSE: AAA): PhP6.11, +11.09%

16. Universal Robina Corp. (PSE: URC): PhP57.5, +10.58%

17. Philex Petroleum Corp. (PSE: PXP): PhP13.2, +10%

18. Forum Pacific Inc. (PSE: FPI): PhP0.265, +9.96%

19. GMA Network Inc. (PSE: GMA7): PhP10, +9.29%

20. Alliance Global Group Inc. (PSE: AGI): PhP11.98, +9.11%

21. Unioil Resources & Holdings Company Inc. (PSE: UNI): PhP0.31, +8.77%

22. Vivant Corp. (PSE: VVT): PhP5, +8.7%

23. Oriental Petroleum and Mineral Corp.  “A” (PSE: OPM): PhP0.027, +8%

24. Araneta Properties Inc. (PSE: ARA): PhP0.56, +7.69%

25. Ayala Corp. (PSE: AC): PhP424, +7.61%

26. ATS Consolidated (ATSC) Inc. (PSE: ATS):  PhP1.45, +7.41%

27. Bank of the Philippine Islands (PSE: BPI): PhP72, +6.98%

28. Seafront Resources Corp.  (PSE: SPM): PhP1.56, +6.85%

29. Energy Development Corp.  (PSE: EDC): PhP5.39, +6.73%

30. Dizon Copper Silver Mines Inc. (PSE: DIZ): PhP42.5, +6.52%

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