PH Stocks Still Bleeding

PHStocks 01/02/201129/01/2012 0 Comments AAA, Aboitiz Equity Ventures, AEV, Apex Mining, APX, Asia Amalgamated, BC, Benguet Corp., energy, F&J Prince, Financials, FJP, HI, Holding Firms, Hous of Investments, LFM, Liberty Flour Mills, MA, Makati Finance, Manila Mining, Metro Pacific Tollways, MFIN, ore, Oriental Peninsula Resources, PERC, PetroEnergy Resources, PH, Philippine Stock Exchange, Phinma, PHN, POPI, Prime Orion, PSE, PSE Index, PSEi, RCI, Roxas and Company, SOC, South China Resources, stocks, TA, TOL, trading, Trans-Asia Oil, Vista Land, VLL, Zeus Holdings, ZHI

Shares in the Philippine Stock Exchange (PSE) index (PSEi) ended the first day of February in the red, continuing its weak performance for the third trading day since Friday, January 28. Stocks in the main index are down 1.31% or 50.98 points to 3,830.49.

The Holding Firms and the Financials sectors continue to lead the losing indices, suffering 2.21% and 2.07% declines, respectively. Losers led gainers 93 to 34, while 39 stocks remained flat.

Top gainers for the day include Asia Amalgamated Holdings (PSE: AAA), Makati Finance Corp. (PSE: MFIN), F&J Prince Holdings Corp. “A” (PSE: FJP), Phinma Corp. (PSE: PHN), Benguet Corp. “B” (PSE: BCB), Trans-Asia Oil and Energy Development Corp. (PSE: TA), South China Resources Inc. (PSE: SOC), Zeus Holdings Inc. (PSE: ZHI), Petroenergy Resources Corp. (PSE: PERC), and Oriental Peninsula Resources Group Inc. (PSE: ORE).