PH Stocks Edge Higher on Bargain Hunting
Manila—(PHStocks)—Philippine stocks recover slightly on Friday, December 13, as investors start to hunt for bargain stocks after bumpy trading this week.
The Philippine Stock Exchange index (PSEi) closed at 5,767.13, nearly unchanged from Thursday’s (12 December) 5,762.53. Nevertheless, this is being seen as a start of a turnaround as investors started to hunt for bargains.
Only the Holding Firms (+0.85%) and the Services (+0.56%) sectors managed to pull in some gains. Property, the biggest loser, just shed 0.88%. The wider All-Shares index, likewise, was nearly flat.
Trading was moderate, with value turnover reaching PhP9.32 billion on 1.33 billion traded shares. Foreign buying reached Php4.61 billion, while foreign selling totaled PhP6.13 billion.
Top most active by value:
- Philippine Long Distance Telephone Co. (PSE: TEL): PhP2,624.00, 0.54%
- Alliance Global Group Inc. (PSE: AGI): PhP22.85, 2.70%
- Ayala Land Inc. (PSE: ALI): PhP23.75, -2.06%
- SM Investments Corp. (PSE: SM): PhP704.00, 1.29%
- Robinsons Retail Holdings Inc. (PSE: RRHI): PhP50.10, 0.20%
- Metropolitan Bank & Trust Co. (PSE: MBT): PhP70.00, -0.99%
- Megaworld Corp. (PSE: MEG): PhP3.16, 0.32%
- Universal Robina Corp. (PSE: URC): PhP111.70, -2.02%
- Puregold Price Club Inc. (PSE: PGOLD): PhP37.75, 0.53%
- BDO Unibank Inc. (PSE: BDO): PhP69.60, 0.72%
Top gainers:
- Lorenzo Shipping Corp. (PSE: LSC): PhP2.20, 34.15%
- Medco Holdings Inc. (PSE: MED): PhP0.24, 31.87%
- Citystate Savings Bank Inc. (PSE: CSB): PhP13.98, 20.52%
- iRipple Inc. (PSE: RPL): PhP10.88, 14.53%
- Panasonic Manufacturing Philippines Corp. (PSE: PMPC): PhP6.49, 13.86%
- Prime Media Holdings Inc. (PSE: PRIM): PhP1.60, 11.11%
- Pancake House Inc. (PSE: PCKH): PhP16.36, 9.07%
- LMG Chemicals Corp. (PSE: LMG): PhP3.28, 8.61%
- TKC Steel Corp. (PSE: T): PhP1.97, 8.24%
- Imperial Resources Inc. “A” (PSE: IMP): PhP54.00, 8.00%
Top decliners:
- Philippine Estates Corp. (PSE: PHES): PhP0.33, -16.46%
- Greenergy Holdings Inc. (PSE: GREEN): PhP0.011, -8.33%
- Apex Mining Company Inc. “A” (PSE: APX): PhP1.72, -6.52%
- National Reinsurance Corporation of the Philippines (PSE: NRCP): PhP1.45, -6.45%
- Prime Orion Philippines Inc. (PSE: POPI): PhP0.44, -6.38%
- Mabuhay Vinyl Corp. (PSE: MVC): PhP2.08, -5.88%
- Asiabest Group International Inc. (PSE: ABG): PhP11.90, -4.80%
- Century Properties Group Inc. (PSE: CPG): PhP1.41, -4.73%
- San Miguel Corp. (PSE: SMC): PhP63.50, -4.51%
- Lodestar Investment Holdings Corp. (PSE: LIHC): PhP0.67, -4.29%