PH Stocks Continue Steady Climb

Manila—(PHStocks)—Philippine stocks were up for the fourth consecutive trading day as investors bet on a Santa Claus rally this month.

The mainboard Philippine Stock Exchange (PSE) index grew by 0.22% or 16.52 points to close the session at 7,360.75—a new high this year—on Wednesday, 3 December. All counters finished almost flat, except for the Industrial and Holding Firms segments, which gained 0.32% and 0.39%, respectively.

Trading volume reached 5.32 billion, valued at PhP8.5 billion. Foreign buying reached PhP3.72 billion while foreign selling amounted to PhP3.82 billion, for a net outflow of around PhP100 million. There were 68 gainers against 105 losers, while 63 stocks were flat.

Top gainers:

1. Xurpas Inc. (PSE: X): PhP8.40, 41.18%
2. SM Prime Holdings Inc. (PSE: SMPH): PhP17.00, -0.12%
3. Philippine Long Distance Telephone Co. (PSE: TEL): PhP2,988.00, -0.13%
4. BDO Unibank Inc. (PSE: BDO): PhP109.40, 0%
5. Universal Robina Corp. (PSE: URC): PhP198.50, 1.22%

Top gainers:

1. Xurpas Inc. (PSE: X): PhP8.40, 41.18%
2. I-Remit Inc. (PSE: I): PhP1.89, 8.62%
3. Jackstones Inc. (PSE: JAS): PhP4.00, 8.11%
4. iRipple Inc. (PSE: RPL): PhP48.00, 6.67%
5. Federal Resources Investment Group Inc. (PSE: FED): PhP16.50, 6.45%

Top losers:

1. MJC Investments Corp. (PSE: MJIC): PhP3.36, -11.58%
2. Abra Mining & Industrial Corp. (PSE: AR): PhP0.0067, -9.46%
3. City & Land Developers Inc. (PSE: LAND): PhP1.26, -9.35%
4. Filipino Fund Inc. (PSE: FFI): PhP6.73, -8.81%
5. Phoenix Semiconductor Philippines Corp. (PSE: PSPC): 2.80, -8.79%