PH Stocks Break Past 6,400pts

Manila—(PHStocks)—Philippine stocks continued their rally on Monday, breaking past the 6,400-point mark and posting the highest finish so far in the history of the local bourse. The mainboard Philippine Stock Exchange index (PSEi) closed today’s trading at 6,435.980, up 1.86% from Friday, as investors continue to go heavily into equities on the back of bullish forecasts for the country this year.

In fact, trading volume reached 3.13 billion, with a turnover value of PhP11.18 billion. There are 130 gainers today against 50 decliners, while 35 stocks remained flat.

The wider All-Shares index continued its growth, gaining 1.61% from last week’s close. All counters were also on the green, led by the Holding Firms segment, which surged by 2.57%. The Services sector came in at second, with a gain of 1.81%, while the Mining and Oil’s 1.73% growth puts it at third.

Below are the top gainers for the day:

• Nickel Asia Corporation (PSE: NIKL): PhP21.50, +8.81%
• Phinma Corporation (PSE: PHN): PhP13.60, +8.45%
• Mariwasa Siam Holdings Inc. (PSE: MMI): PhP5.60, +8.32%
• Seafront Resources Corporation (PSE: SPM): PhP2.26, +7.62%
• Apex Mining Company Inc. “B” (PSE: APXB): PhP4.95, +7.61%
• House of Investments Inc. (PSE: HI): PhP7.70, +7.54%
• Petron Corporation (PSE: PCOR): PhP12.30, +7.52%
• Mabuhay Holdings Corporation (PSE: MHC): PhP0.58, +7.41%
• Calapan Ventures Inc. (PSE: H2O): PhP4.37, +6.33%
• Megaworld Corporation WARRANTS1 (PSE: MEGW1): PhP2.41, +6.17%

The following, on the other hand, are the biggest decliners:

• iRipple Inc. (PSE: RPL): PhP7.65, -18.62%
• Pancake House Inc. (PSE: PCKH): PhP7.50, -6.25%
• Manchester International Holdings Unlimited Corp. “B” (PSE: MIHB): PhP14.04, -5.65%
• Zeus Holdings Inc. (PSE: ZHI): PhP0.56, -5.08%
• Manchester International Holdings Unlimited Corp. “A” (PSE: MIH): PhP13.9, -4.79%
• IRC Properties Inc. (PSE: IRC): PhP1.20, -4.76%
• Information Capital Technology Ventures Inc. (PSE: ICTV): PhP0.425, -4.49%
• ISM Communications Corporation (PSE: ISM): PhP2.17, -4.41%
• IPVG Corporation (PSE: IP): PhP0.66, -4.35%
• Prime Orion Philippines Inc. (PSE: POPI): PhP0.69, -4.17%