PH Stocks End Lower Amid Taper Fears; Keep Foothold at 6,000
Manila—(PHStocks)—Philippine stocks ended the first week of December on a weak note as investors stay in the sidelines in line with the almost-a-year-long-persistent-guessing-game on when the U.S. Fed will reduce its stimulus package—especially now that the US posted a higher-than-expected GDP growth of 3.6% for the third quarter of the year.
The Philippine Stock Exchange index (PSEi) closed at 6,014.94, down by 0.27% or 16 points. Sector declines, however, were minimal. The Industrials shed just 0.66% while the Financials lost only 0.59%. The Mining and Oil index (+0.5%) and Property (+0.64%) sectors, however, posted gains. The wider All-Shares index just dropped by 0.27%.
Trading was moderate, with value turnover reaching only PhP5.9 billion on 1.13 billion shares traded. There were 53 gainers against 94 losers, while 37 stocks remained flat.
Top most active in terms of value:
- Philippine Long Distance Telephone Co. (PSE: TEL): PhP2,630.00, 0.38%
- Metropolitan Bank & Trust Co. (PSE: MBT): PhP75.00, NC
- Alliance Global Group Inc. (PSE: AGI): PhP24.15, -0.62%
- JG Summit Holdings Inc. (PSE: JGS): PhP37.80, 0.27%
- SM Investments Corp. (PSE: SM): PhP718.50, 0.14%
- Megaworld Corp. (PSE: MEG): PhP3.30, 1.54%
- Jollibee Foods Corp. (PSE: JFC): PhP170.00, -2.30%
- Globe Telecom Inc. (PSE: GLO): PhP1,595.00, -2.39%
- Universal Robina Corp. (PSE: URC): PhP118.40, -0.59%
- BDO Unibank Inc. (PSE: BDO): PhP72.10, -0.62%
Top gainers:
- Euro-Med Laboratories Philippines Inc. (PSE: EURO): PhP1.50, 8.7%
- The Philodrill Corporation (PSE: OV): PhP0.038, 8.57%
- Araneta Properties Inc. (PSE: ARA): PhP1.56, 8.33%
- Omico Corp. (PSE: OM): PhP0.36, 7.46%
- LMG Chemicals Corp. (PSE: LMG): PhP4.15, 6.96%
- BDO Leasing & Finance Inc. (PSE: BLFI): PhP2.10, 6.06%
- Dizon Copper Silver Mines Inc. (PSE: DIZ): PhP5.40, 5.88%
- 8990 Holdings Inc. (PSE: HOUSE): PhP6.89, 5.84%
- Oriental Petroleum and Minerals Corp. “A” (PSE: OPM): PhP0.019, 5.56%
- Cyber Bay Corp. (PSE: CYBR): PhP0.58, 5.45%
Top decliners:
- Berjaya Philippines Inc. (PSE: BCOR): PhP18.00, -24.37%
- Philippine Estates Corp. (PSE: PHES): PhP0.34, -15%
- Medco Holdings Inc. (PSE: MED): PhP0.18, -14.29%
- Benguet Corp. “B” (PSE: BCB): PhP6.35, -14.07%
- TKC Steel Corp. (PSE: T): PhP1.80, -10%
- Keppel Philippines Properties Inc. (PSE: KEP): PhP2.80, -9.68%
- Benguet Corp. “A” (PSE: BC): PhP6.80, -8.11%
- Jolliville Holdings Corp. (PSE: JOH): PhP5.10, -7.27%
- Ginebra San Miguel Inc. (PSE: GSMI): PhP22.30, -7.08%
- ISM Communications Corp. (PSE: ISM): PhP1.89, -5.50%
- Starmalls Inc. (PSE: STR): PhP3.42, -4.74%