PH Stocks Falter, End Six-day Rally
Just when investor confidence has started to gain momentum to reach the 4,000-mark, local shares faltered, with the main board Philippine Stock Exchange index (PSEi) ending its six-day rally on Friday to close at 3,924.35 points—down 0.899%. The wider all-shares index likewise stalled its uptrend, shedding 0.25% to close at 2,934.6 points.
All counters, except the Property sector, retreated as well, with the latter just maintaining its level. Trading volume reached 892 million, valued at PhP4.24 billion, on 12,102 trades. There were 82 losers against 49 gainers, while 38 stocks remain unchanged.
Below are the leading gainers for the day:
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Asia Amalgamated Holdings Corp. (PSE: AAA): PhP0.59, +47.5%
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Omico Corp. WARRANTS (PSE: OMW2): PhP0.0025, +13.64%
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BDO Leasing & Finance Inc. (PSE: BLFI): PhP1.80, +12.5%
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Unioil Resources & Holdings Co. Inc. (PSE: UNI): PhP0.12, +7.14%
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Philippine Long Distance Telephone Co. 10% Cumulative Convertible Pref. Series P (PSE: TELP): PhP11.50, +5.5%
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Holcim Philippines Inc. (PSE: HLCM): PhP11.60, +5.45%
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Oriental Peninsula Resources Group Inc. (PSE: ORE): PhP3.00, +4.9%
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IP E-Game Ventures Inc. (PSE: EG): PhP14.40, +4.8%
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Ever-Gotesco Resources and Holdings Inc. (PSE: EVER): PhP0.115, +4.55%
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ISM Communications Corp. (PSE: ISM): PhP3.23, +4.19%