PH Stocks Fail to Rebound
Manila—(PHStocks)—Philippine stocks failed to sustain early trading gains and closed the first trading day of the week still in the red – albeit maintaining the 6,000 level.
The Philippine Stock Exchange index (PSEi) gained 52.12 points at the start of the morning trade, but went down by as much as 25.86 points amid news that the World Bank is cutting its growth forecast for the country because of the aftermath of Typhoon Yolanda (International Name: Haiyan).
The PSEi closed at 6,008.94, down by 0.1% or 6 points. Despite this, some sectors still managed to post gains: the Holding Firms (+0.78%) and Mining and Oil (+0.12%) indices. The biggest loser, meanwhile, was the Property segment, which shed 1.18%. The wider All-Shares index, on the other hand, dropped by 0.21%.
Trading was weak, with value turnover reaching only PhP4.576 billion on 785 million shares traded. There were 53 gainers against 99 losers, while 40 stocks remained flat.
Top most active in terms of value:
- Philippine Long Distance Telephone Co. (PSE: TEL): PhP2,612.00, -0.68%
- JG Summit Holdings Inc. (PSE: JGS): PhP39.40, 4.23%
- Alliance Global Group Inc. (PSE: AGI): PhP24.60, 1.86%
- Jollibee Foods Corp. (PSE: JFC): PhP168.00, -1.18%
- Ayala Land Inc. (PSE: ALI): PhP26.55, -2.03%
- Universal Robina Corp. (PSE: URC): PhP119.50, 0.93%
- SM Prime Holdings Inc. (PSE: SMPH): PhP15.64, -1.39%
- Metropolitan Bank & Trust Co. (PSE: MBT): PhP74.45, -0.73%
- Aboitiz Power Corp. (PSE: AP): PhP33.00, NC
- GT Capital Holdings Inc. (PSE: GTCAP): PhP750.00, -1.83%
Top gainers:
- Philippine Estates Corp. (PSE: PHES): PhP0.385, 13.24%
- TKC Steel Corp. (PSE: T): PhP2.00, 11.11%
- Benguet Corp. “A” (PSE: BC): PhP7.40, 8.82%
- Asian Terminals Inc. (PSE: ATI): PhP11.50, 7.48%
- Southeast Asia Cement Holdings Inc. (PSE: CMT): PhP1.03, 6.19%
- Alliance Select Foods International Inc. (PSE: FOOD): PhP1.10, 4.76%
- Starmalls Inc. (PSE: STR): PhP3.58, 4.68%
- JG Summit Holdings Inc. (PSE: JGS): PhP39.40, 4.23%
- National Reinsurance Corporation of the Philippines (PSE: NRCP): PhP1.55, 3.33%
- AG Finance Inc. (PSE: AGF): PhP3.09, 3
Top decliners:
- Imperial Resources Inc. “A” (PSE: IMP): PhP5.00, -16.39%
- United Paragon Mining Corp. (PSE: UPM): PhP0.0087, -13.00%
- Basic Energy Corp. (PSE: BSC): PhP0.24, -11.11%
- Anchor Land Holdings Inc. (PSE: ALHI): PhP14.00, -9.68%
- Manila Bulletin Publishing Corp. (PSE: MB): PhP0.67, -9.46%
- Panasonic Manufacturing Philippines Corp. (PSE: PMPC): PhP5.70, -8.80%
- Filipino Fund Inc. (PSE: FFI): PhP14.50, -8.23%
- ATN Holdings Inc. “B” (PSE: ATNB): PhP1.28, -7.25%
- Nihao Mineral Resources International Inc. (PSE: NI): PhP1.75, -6.91%
- Abra Mining & Industrial Corp. (PSE: AR): PhP0.003, -6.25%