PH Stocks Recover, Close In On 4,900-pt Mark

PHStocks 18/02/201218/02/2012 7-11, AAA, ALI, Asia Amalgamated, Ayala Land, Cebu Holdings, Cebu Property, CHI, CPV, GMA Holdings, GMAP, OPMB, Oriental Petroleum, OV, Philex Petroleum, Philippine Seven, Philippine Stock Exchange, Philodrill, PSE, PSE Index, PSEi, PXP, Seafront Resources, SEVN, SPM

Manila—(PHStocks)—Local shares ended Friday on a high note amid news of Greece sealing its bailout package. The bellwether Philippine Stock Exchange (PSE) surged by 2.4% to close 17 February at 4,880.71 points – about 20 points short of breaching the 4,900-point mark – after just less than two months into the year.

All counters registered growth at the close of the trading day, led by the Property index, which gained 4.35%. The Services index went up by 2.92%, while the Holding Firms sector posted a 1.86% growth.

Trading volume reached 9.9 billion, valued at PhP8.29 billion. There were 123 gainers against 56 losers, while 28 stocks remained flat.

The top price gainers for Friday are as follows:

1. The Philodrill Corp. (PSE: OV): PhP0.039, +18.18%

2. Cebu Holdings Inc. (PSE: CHI): PhP6.01, +15.8%

3. Oriental Petroleum and Mineral Corp. “B”(PSE: OPMB): PhP0.023, +9.52%

4. Asia Amalgamated Holdings (PSE: AAA): PhP5.80, +9.43%

5. Philippine Seven Corporation (PSE: SEVN): PhP28.00, +7.69%

6. Cebu Property Ventures and Development Corp. “A” (PSE: CPV): PhP4.10, +7.61%

7. GMA Holdings Inc. – Phil. Deposit Receipts (PSE: GMAP): PhP10.18, +7.61%

8. Philex Petroleum Corp. (PSE: PXP): PhP10.72, +7.2%

9. Seafront Resources Corporation (PSE: SPM): PhP1.65, +7.14%

10. Ayala Land Inc. (PSE: ALI): PhP20.50, +6.77%