PH Stocks Down on US Fed Taper News

Manila—(PHStocks)—Philippine stocks suffered declines Thursday, 30 January, on news of a further tapering of the US Federal Reserve’s quantitative easing program.

The benchmark Philippine Stock Exchange index (PSEi) declined by as much as 85.72 points earlier in the session, but managed to cut losses by only 0.47% or 28.65 points at the end of trading to close at 6041.19 – maintaining its grip of the 6,000 level.

Except for the Property sector, which ended flat, all remaining counters were back in the red, led by the Mining and Oil index (-1.28%). The Industrial index shed 0.83%, while the Holding Firms segment dropped by 0.68%. The wider All Shares index lost 0.44%.

Value turnover reached PhP8.85 billion on 1.44 billion traded shares. There were 48 gainers against 109 losers, while 42 stocks were flat.

Top most active in terms of value:

1. SM Prime Holdings Inc. (PSE: SMPH): PhP15.52, 2.24%
2. Philippine Long Distance Telephone Co. (PSE: TEL): PhP2,698.00, -0.3%
3. Metropolitan Bank & Trust Co. (PSE: MBT): PhP76.00, -0.26%
4. Del Monte Pacific Ltd (PSE: DMPL): PhP23.00, 5.5%
5. Bank of the Philippine Islands (PSE: BPI): PhP88.80, 0.45%
6. Universal Robina Corp. (PSE: URC): PhP118.10, -1.91%
7. Ayala Land Inc. (PSE: ALI): PhP26.20, -1.13%
8. Alliance Global Group Inc. (PSE: AGI): PhP27.10, -0.73%
9. Metro Pacific Investments Corp. (PSE: MPI): PhP4.30, NC
10. Ayala Corp. (PSE: AC): PhP524.00, -0.76%

Top gainers:

1. Paxys Inc. (PSE: PAX): PhP2.55, 13.33%
2. Millennium Global Holdings Inc. (PSE: MG): PhP0.45, 12.5%
3. Prime Orion Philippines Inc. (PSE: POPI): PhP0.46, 12.2%
4. DFNN Inc. (PSE: DFNN): PhP5.59, 9.61%
5. Del Monte Pacific Ltd (PSE: DMPL): PhP23.00, 5.5%
6. Calapan Ventures Inc. (PSE: H2O): PhP6.85, 5.38%
7. Lodestar Investment Holdings Corp. (PSE: LIHC): PhP0.66, 4.76%
8. Da Vinci Capital Holdings Inc. (PSE: DAVIN): PhP0.90, 4.65%
9. Cebu Holdings Inc. (PSE: CHI): PhP5.70, 4.59%
10. ATN Holdings Inc. “A” (PSE: ATN): PhP1.25, 4.17%
11. ATN Holdings Inc. “B” (PSE: ATNB): PhP1.25, 4.17%
12. Leisure & Resorts World Corporation (PSE: LR): PhP7.05, 3.68%
13. Integrated Micro-Electronics Inc. (PSE: IMI): PhP2.70, 3.45%
14. Phoenix Petroleum Philippines Inc. (PSE: PNX): PhP5.21, 3.17%
15. Arthaland Corp. (PSE: ALCO): PhP0.20, 3.09%
16. Concepcion Industrial Corp. (PSE: CIC): PhP23.45, 2.85%
17. Araneta Properties Inc. (PSE: ARA): PhP1.45, 2.84%
18. Shang Properties Inc. (PSE: SHNG): PhP3.23, 2.54%
19. Calata Corp. (PSE: CAL): PhP3.33, 2.46%
20. Agrinurture Inc. (PSE: ANI): PhP5.19, 2.37%

Top losers:

1. Chemical Industries of the Philippines (PSE: CIP): PhP120.00, -20%
2. Roxas and Co. Inc. (PSE: RCI): PhP3.50, -12.5%
3. Megaworld Corp. WARRANTS2 (PSE: MEGW2): PhP2.35, -11.32%
4. Seafront Resources Corp. (PSE: SPM): PhP1.60, -9.6%
5. Euro-Med Laboratories Philippines Inc. (PSE: EURO): PhP1.36, -9.33%
6. Greenergy Holdings Inc. (PSE: GREEN): PhP0.011, -8.33%
7. Pacifica Inc. (PSE: PA): PhP0.039, -7.14%
8. LMG Chemicals Corp. (PSE: LMG): PhP3.92, -7.11%
9. Vivant Corp. (PSE: VVT): PhP10.50, -7.08%
10. Manulife Financial Corp. (PSE: MFC): PhP735.00, -7.08%
11. Primex Corp. (PSE: PRMX): PhP2.90, -6.45%
12. NextStage Inc. (PSE: NXT): PhP3.32, -6.21%
13. 8990 Holdings Inc. (PSE: HOUSE): PhP6.10, -6.15%
14. Benguet Corp. “A” (PSE: BC): PhP8.00, -5.88%
15. Oriental Petroleum and Minerals Corp. “B” (PSE: OPMB): PhP0.018, -5.26%
16. Roxas Holdings Inc. (PSE: ROX): PhP5.48, -5.03%
17. Manila Mining Corp. “A” (PSE: MA): PhP0.019, -5.00%
18. Lepanto Consolidated Mining Co. “A” (PSE: LC): PhP0.40, -4.76%
19. Philex Mining Corp. (PSE: PX): PhP9.25, -4.05%
20. House of Investments Inc. (PSE: HI): PhP6.05, -3.97%