PH Stocks Down on Policy Rates Hike Announcement

Local shares are back in the red as investors held back to assess possible effects of policy rates hike announced by the Bangko Sentral ng Pilipinas (BSP). The main-board Philippine Stock Exchange index (PSEi) shed almost 14 points or 0.36% to end Thursday at 3,841.54 points. The wider all-shares index meanwhile slid 2.44 points to 2,898.95 points.

All counters faltered as well, with the Mining & Oil sector suffering the biggest decline for the day at 1.36%.

Trading volume reached a mere 778.57 million, valued at PhP2.9 billion. There were 53 gainers against 65 losers, while 53 stocks remained flat.

Below are the leading stock price gainers for the day:

1. Roxas Holdings Inc. (PSE: ROX): PhP2.95, +0.55, +22.92% 
2. Oriental Petroleum and Minerals Corp. (PSE: OPM): PhP0.014, +0.001, +7.69% 
3. The Philodrill Corp. (PSE: OV): PhP0.015, +0.001, +7.14% 
4. Waterfront Philippines Inc. (PSE: WPI): PhP0.35, +0.02, +6.06% 
5. Metro Pacific Tollways Corp. (PSE: TOL): PhP7.70, +0.40, +5.48% 
6. Solid Group Inc. (PSE: SGI): PhP1.38, +0.07, +5.34% 
7. I-Remit Inc. (PSE: I): PhP3.15, +0.15, +5% 
8. Phoenix Petroleum Philippines Inc. (PSE: PNX): PhP14.36, +0.58, +4.21% 
9. Island Information & Technology Inc. (PSE: IS): PhP0.05, +0.002, +4.17% 
10. PNOC Exploration Corp. “B” (PSE: PECB): PhP27.00, +1.00, +3.85%