PH Stocks Back in the Green

Manila—(PHStocks)—Philippine stocks resumed their growth Tuesday, 5 March, as investors hunted for bargains after two sessions of profit-taking. The benchmark Philippine Stock Exchange index (PSEi) regained its footing at the 6,700 level, closing today’s trading at 6,711.72, up by 1.12% or 74.16pts.

All counters have recovered, led by the Holding Firms sector, which gained 1.45%, followed by the Services index, which edged up by 1.23%. The Property sector, meanwhile, grew by 1.09%, buoyed by gains in SM Development Corporation (PSE: SMDC), Araneta Properties Inc. (PSE: ARA), and Sta. Lucia Land Inc. (PSE: SLI).

Trading was heavy today, with value turnover reaching PhP12.67 billion on 1.98 billion shares traded. There were 84 gainers against 70 decliners, while 56 stocks remained flat.

Below are the day’s biggest gainers:

• iRipple Inc. (PSE: RPL): PhP9.88, +9.78%
• SM Development Corporation (PSE: SMDC): PhP8.38, +8.83%
• Lopez Holdings Corporation (PSE: LPZ): PhP7.32, +7.49%
• Araneta Properties Inc. (PSE: ARA): PhP1.89, +6.78%
• Maybank ATR Kim Eng Financial Corporation (PSE: MAKE): PhP28.10, +5.24%
• DFNN Inc. (PSE: DFNN): PhP5.89, +5.18%
• Sta. Lucia Land Inc. (PSE: SLI): PhP1.22, +5.17%
• Oriental Petroleum and Minerals Corporation “A” (PSE: OPM): PhP0.021, +5%
• Manchester International Holdings Unlimited Corp. “B” (PSE: MIHB): PhP14.90, +4.93%
• Cirtek Holdings Philippines Corporation (PSE: CHIPS): PhP27.80, +4.91%

The biggest losers today are as follows:

• LMG Chemicals Corporation (PSE: LMG): PhP2.49, -7.09%
• Roxas Holdings Inc. (PSE: ROX): PhP3.10, -6.06%
• Dizon Copper Silver Mines Inc. (PSE: DIZ): PhP12.10, -5.47%
• Ionics Inc. (PSE: ION): PhP0.73, -5.19%
• Manila Mining Corporation “A” (PSE: MA): PhP0.061, -4.69%
• Ever-Gotesco Resources & Holdings Inc. (PSE: EVER): PhP0.32, -4.48%
• Bankard Inc. (PSE: BKD): PhP0.92, -4.17%
• SPC Power Corporation (PSE: SPC): PhP4.80, -3.81%
• Century Properties Group Inc. (PSE: CPG): PhP2.28, -3.8%
• Bloomberry Resorts Corp. (PSE: BLOOM): PhP15.96, -3.74%