PH Stocks Up on IMF’s Positive Forecast

Manila—(PHStocks)—Philippine stocks were up for the sixth consecutive trading day, breaching the 6,100-level, on news that the International Monetary Fund (IMF) has raised its GDP forecast for the Philippines to 6.3% from previous estimates of 6%.

The mainboard Philippine Stock Exchange index (PSEi) gained 2% or 120.62 points to close at 6,139.86 today, 22 January. All counters were back in the green, led by the Financials (+2.98%) followed by the Property sector (+2.06%). The wider All Shares index went up by 1.55%.

Trading was heavy today. Volume turnover reached 3.06 billion shares, valued at PhP8.29 billion. Foreign buying was PhP4.34 billion and foreign selling reached PhP4.49 billion. There were 114 gainers today against 60 losers, while 39 stocks were flat.

Top most active in terms of value:

1. Philippine Long Distance Telephone Co. (PSE: TEL): PhP2,796.00, 1.23%
2. SM Investments Corp. (PSE: SM): PhP712.00, 1.28%
3. Universal Robina Corp. (PSE: URC): PhP122.30, -0.08%
4. SM Prime Holdings Inc. (PSE: SMPH): PhP14.48, 2.70%
5. Ayala Land Inc. (PSE: ALI): PhP27.50, 3.00%
6. BDO Unibank Inc. (PSE: BDO): PhP77.05, 4.26%
7. Ayala Corp. (PSE: AC): PhP545.00, 1.11%
8. Metropolitan Bank & Trust Co. (PSE: MBT): PhP79.30, 2.45%
9. Alliance Global Group Inc. (PSE: AGI): PhP26.25, -0.57%
10. Aboitiz Power Corp. (PSE: AP): PhP36.05, 0.70%

Top gainers:

1. Abra Mining & Industrial Corp. (PSE: AR): PhP0.0046, 43.75%
2. Millennium Global Holdings Inc. (PSE: MG): PhP0.46, 27.78%
3. Maybank ATR Kim Eng Financial Corp. (PSE: MAKE): PhP23.00, 26.93%
4. Omico Corp. (PSE: OM): PhP0.40, 14.29%
5. MRC Allied Inc. (PSE: MRC): PhP0.089, 14.10%
6. Philippine Tobacco Flue-Curing & Redrying Corp. (PSE: TFC): PhP27.00, 12.50%
7. 8990 Holdings Inc. (PSE: HOUSE): PhP6.70, 11.67%
8. Pacifica Inc. (PSE: PA): PhP0.046, 6.98%
9. 2GO Group Inc. (PSE: 2GO): PhP1.90, 6.74%
10. Philippine National Bank (PSE: PNB): PhP83.00, 6.41%
11. Prime Media Holdings Inc. (PSE: PRIM): PhP1.86, 6.29%
12. AG Finance Inc. (PSE: AGF): PhP2.81, 6.04%
13. International Container Terminal Services Inc. (PSE: ICT): PhP100.50, 5.79%
14. Integrated Micro-Electronics Inc. (PSE: IMI): PhP2.67, 4.71%
15. STI Education Systems Holdings Inc. (PSE: STI): PhP0.69, 4.55%
16. Leisure and Resorts World Corp. Warrants (PSE: LRW): PhP0.365, 4.29%
17. BDO Unibank Inc. (PSE: BDO): PhP77.05, 4.26%
18. Nihao Mineral Resources International Inc. (PSE: NI): PhP2.53, 4.12%
19. Aboitiz Equity Ventures Inc. (PSE: AEV): PhP54.75, 4.09%
20. Dizon Copper Silver Mines Inc. (PSE: DIZ): PhP6.45, 4.03%

Top losers:

1. NextStage Inc. (PSE: NXT): PhP3.90, -18.92%
2. Island Information and Technology Inc. (PSE: IS): PhP0.036, -10.00%
3. F & J Prince Holdings Corp. (PSE: FJP): PhP2.90, -9.38%
4. iRipple Inc. (PSE: RPL): PhP10.68, -8.56%
5. Greenergy Holdings Inc. (PSE: GREEN): PhP0.011, -8.33%
6. IP E-Game Ventures Inc. (PSE: EG): PhP0.013, -7.14%
7. Manila Bulletin Publishing Corp. (PSE: MB): PhP0.66, -7.04%
8. PhilWeb Corp. (PSE: WEB): PhP8.32, -5.99%
9. Keppel Philippines Properties Inc. (PSE: KEP): PhP2.83, -5.67%
10. I-Remit Inc. (PSE: I): PhP2.65, -5.36%
11. Century Peak Metals Holdings Corp. (PSE: CPM): PhP0.60, -4.76%
12. Primex Corp. (PSE: PRMX): PhP3.27, -4.66%
13. Lepanto Consolidated Mining Co. “B” (PSE: LCB): PhP0.415, -4.60%
14. Discovery World Corp. (PSE: DWC): PhP2.08, -4.59%
15. Medco Holdings Inc. (PSE: MED): PhP0.21, -4.55%
16. ISM Communications Corp. (PSE: ISM): PhP1.91, -4.50%
17. Vulcan Industrial & Mining (PSE: VUL): PhP1.45, -3.97%
18. RFM Corp. (PSE: RFM): PhP5.66, -3.25%
19. GMA Holdings Inc. (PDR) (PSE: GMAP): PhP8.72, -3.11%
20. Roxas Holdings Inc. (PSE: ROX): PhP5.89, -2.48%