PH Stocks Fall Further on Chinese Economy Slowdown

Manila—(PHStocks)—Philippine stocks extended their declines Friday, 14 March, on investor worries on China’s economic growth.

The Philippine Stock Exchange index (PSEi) slid by 0.6% or 38.55 points to close this week’s trading at 6,391.24. Except for the Holding Firms segment, which rebounded by 0.43%, all remaining counters were in the red. The Services sector dropped by 1.23% while the Industrial segment shed 0.82%. The wider All Shares index only declined by 0.31%.

Volume turnover reached 1.09 billion valued at PhP7.56 billion. Foreign buying reached PhP4.18bn and foreign selling was PhP3.92 billion. There were 60 gainers against 94 losers, while 51 stocks were flat.

Top most active in terms of value:

1. International Container Terminal Services Inc. (PSE: ICT): PhP100.10, 0.10%
2. Philippine Long Distance Telephone Co. (PSE: TEL): PhP2,666.00, -1.99%
3. JG Summit Holdings Inc. (PSE: JGS): PhP50.00, 3.41%
4. Manila Electric Co. (PSE: MER): PhP290.00, 2.33%
5. SM Prime Holdings Inc. (PSE: SMPH): PhP14.40, -1.50%
6. Universal Robina Corp. (PSE: URC): PhP138.30, -1.43%
7. Ayala Corp. (PSE: AC): PhP564.00, 0.18%
8. Ayala Land Inc. (PSE: ALI): PhP28.40, -1.05%
9. Metropolitan Bank & Trust Co. (PSE: MBT): PhP80.90, 0.31%
10. Manila Water Co. Inc. (PSE: MWC): PhP23.60, -0.42%

Top gainers:

1. Liberty Flour Mills Inc. (PSE: LFM): PhP76.50, 49.85%
2. San Miguel Corp. (PSE: SMC): PhP61.00, 9.22%
3. Pancake House Inc. (PSE: PCKH): PhP24.50, 7.46%
4. Manila Bulletin Publishing Corp. (PSE: MB): PhP0.57, 5.56%
5. Global-Estate Resorts Inc. (PSE: GERI): PhP1.96, 5.38%
6. Cebu Property Venture & Development “B” (PSE: CPVB): PhP5.20, 4.00%
7. Centro Escolar University (PSE: CEU): PhP10.60, 3.92%
8. JG Summit Holdings Inc. (PSE: JGS): PhP50.00, 3.41%
9. ATN Holdings Inc. “A” (PSE: ATN): PhP1.56, 3.31%
10. Waterfront Philippines Inc. (PSE: WPI): PhP0.34, 3.03%
11. Rockwell Land Corp. (PSE: ROCK): PhP1.74, 2.96%
12. Roxas Holdings Inc. (PSE: ROX): PhP5.70, 2.89%
13. COL Financial Group Inc. (PSE: COL): PhP18.48, 2.67%
14. House of Investments Inc. (PSE: HI): PhP6.70, 2.60%
15. Manila Electric Co. (PSE: MER): PhP290.00, 2.33%
16. San Miguel Pure Foods Co. Inc. (PSE: PF): PhP227.00, 2.16%
17. Del Monte Pacific Limited (PSE: DMPL): PhP22.40, 2.05%
18. Paxys Inc. (PSE: PAX): PhP2.53, 2.02%
19. Vantage Equities Inc. (PSE: V): PhP2.65, 1.92%
20. Da Vinci Capital Holdings Inc. (PSE: DAVIN): PhP1.08, 1.89%

Top decliners:

1. Boulevard Holdings Inc. (PSE: BHI): PhP0.146, -8.18%
2. 2GO Group Inc. (PSE: 2GO): PhP2.51, -6.69%
3. Ever-Gotesco Resources & Holdings Inc. (PSE: EVER): PhP0.29, -6.45%
4. Integrated Micro-Electronics Inc. (PSE: IMI): PhP2.95, -6.05%
5. PhilWeb Corp. (PSE: WEB): PhP6.58, -6.00%
6. Cityland Development Corp. (PSE: CDC): PhP1.02, -5.56%
7. Leisure and Resorts World Corp. Warrants (PSE: LRW): PhP0.92, -5.15%
8. Republic Glass Holdings Corp. (PSE: REG): PhP2.40, -5.14%
9. Pacifica Inc. (PSE: PA): PhP0.038, -5.00%
10. Starmalls Inc. (PSE: STR): PhP3.40, -4.23%
11. Euro-Med Laboratories Philippines Inc. (PSE: EURO): PhP1.68, -4.00%
12. Arthaland Corp. (PSE: ALCO): PhP0.232, -3.73%
13. Asiabest Group International Inc. (PSE: ABG): PhP11.90, -3.72%
14. DFNN Inc. (PSE: DFNN): PhP6.84, -2.98%
15. Dizon Copper Silver Mines Inc. (PSE: DIZ): PhP6.20, -2.97%
16. Cosco Capital Inc. (PSE: COSCO): PhP9.43, -2.88%
17. Asia Amalgamated Holdings (PSE: AAA): PhP1.70, -2.86%
18. Liberty Telecoms Holdings Inc. (PSE: LIB): PhP1.75, -2.78%
19. Splash Corp. (PSE: SPH): PhP1.75, -2.78%
20. Benguet Corp. “B” (PSE: BCB): PhP7.40, -2.63%