PHStocks Week in Review: Growth Continues

Manila—(PHStocks)—It has been a highly profiting week for investors in the Philippine stock market as they cash in on their gains amid the surging growth on the back of continued optimism in the country’s economic outlook.

The week also marked another record achievement as the mainboard Philippine Stock Exchange index (PSEi) breached the 6,400-point mark on Monday, closing at 6,435.980. Tuesday saw a new record high when the PSEi continued its rally to hit 6,470.49.

On Wednesday, PH stocks took a breather as investors cash in on their gains. They reentered the market as they hunt for bargains on Thursday, driving the PSEi up by 0.45%. This may also be fuelled by reports that Singapore’s financial services firm DBS has revised its earlier growth forecast for the country from 5.3% to 6% this year. The market declined on Friday again as investors, as expected, locked in their gains for profit.

Overall, however, the Philippine equities market continued its growth. Compared to last week, PSEi was up 2.22%, while on a four-week basis, the increase was 6.72%. All counters were also on the green, led by the Mining and Oil index, which surged by 3.46% compared last week. The Property index, on the other hand, registered the strongest growth over the past four weeks, gaining 11.16%.

Below are the top gainers for the week:

• Touch Solutions Inc. (PSE: TSI): PhP13.72, +54.33%
• Araneta Properties Inc. (PSE: ARA): PhP1.49, +36.7%
• Anchor Land Holdings Inc. (PSE: ALHI): PhP22.90, +33.14%
• Keppel Philippines Holdings Inc. “A” (PSE: KPH): PhP5.70, +21.28%
• MRC Allied Inc. (PSE: MRC): PhP0.131, +20.18%
• Lorenzo Shipping Corporation (PSE: LSC): PhP1.56, +20%
• Asian Terminals Inc. (PSE: ATI): PhP14.40, +19.6%
• San Miguel Pure Foods Company Inc. (PSE: PF): PhP285, +18.75%
• Mariwasa Siam Holdings Inc. (PSE: MMI): PhP6.10, +17.99%
• SM Development Corporation (PSE: SMDC): PhP7.01, +16.83%
• Cebu Holdings Inc. (PSE: CHI): PhP5.08, +15.72%
• Filinvest Development Corporation (PSE: FDC): PhP5.80, +13.95%
• Highlands Prime Inc. (PSE: HP): PhP1.99, +13.71%
• Seafront Resources Corporation (PSE: SPM): PhP2.38, +13.33%
• Manila Bulletin Publishing Corporation (PSE: MB): PhP0.87, +12.99%
• LMG Chemicals Corporation (PSE: LMG): PhP2.79, +12.96%
• Nickel Asia Corporation (PSE: NIKL): PhP22.15, +12.1%
• Filipino Fund Inc. (PSE: FFI): PhP13, +11.3%
• Panasonic Manufacturing Philippines Corporation (PSE: PMPC): PhP5, +11.11%
• Euro-Med Laboratories Philippines Inc. (PSE: EURO): PhP2, +11.11%
• Mabuhay Holdings Corporation (PSE: MHC): PhP0.60, +11.11%
• Petron Corporation (PSE: PCOR): PhP12.58, +9.97%
• Bankard Inc. (PSE: BKD): PhP1.03, +9.57%
• Alsons Consolidated Resources Inc. (PSE: ACR): PhP1.42, +9.23%
• Forum Pacific Inc. (PSE: FPI): PhP0.249, +9.21%
• Oriental Peninsula Resources Group Inc. (PSE: ORE): PhP3.70, +8.82%
• House of Investments Inc. (PSE: HI): PhP7.70, +7.54%
• ATN Holdings Inc. “A” (PSE: ATN): PhP1, +7.53%
• Arthaland Corporation (PSE: ALCO): PhP0.21, +7.14%
• Waterfront Philippines Inc. (PSE: WPI): PhP0.455, +7.06%

The top 30 decliners for the week, meanwhile, are as follows:

• Transpacific Broadband Group International Inc. (PSE: TBGI): PhP2.03, -13.98%
• Manchester International Holdings Unlimited Corp. “B” (PSE: MIHB): PhP13, -12.63%
• Manchester International Holdings Unlimited Corp. “A” (PSE: MIH): PhP13, -10.96%
• Berjaya Philippines Inc. (PSE: BCOR): PhP28, -9.68%
• APC Group Inc. (PSE: APC): PhP0.83, -8.79%
• Abra Mining & Industrial Corporation (PSE: AR): PhP0.0051, -7.27%
• Cirtek Holdings Philippines Corporation (PSE: CHIPS): PhP26, -6.98%
• Zeus Holdings Inc. (PSE: ZHI): PhP0.55, -6.78%
• Prime Orion Philippines Inc. (PSE: POPI): PhP0.68, -5.56%
• Rizal Commercial Banking Corporation (PSE: RCB): PhP64.70, -4.71%
• Information Capital Technology Ventures Inc. (PSE: ICTV): PhP0.425, -4.49%
• IPVG Corporation (PSE: IP): PhP0.66, -4.35%
• Victorias Milling Company Inc. (PSE: VMC): PhP1.48, -3.9%
• Ever-Gotesco Resources & Holdings Inc. (PSE: EVER): PhP0.37, -3.9%
• Global-Estate Resorts Inc. (PSE: GERI): PhP2.09, -3.69%
• Coal Asia Holdings Incorporated (PSE: COAL): PhP0.91, -3.19%
• Paxys Inc. (PSE: PAX): PhP2.75, -3.17%
• Alcorn Gold Resources Corporation (PSE: APM): PhP0.154, -3.14%
• D&L Industries Inc. (PSE: DNL): PhP5.92, -3.11%
• ABS-CBN Corporation (PSE: ABS): PhP39.80, -2.93%
• Trans-Asia Oil and Energy Development Corp. (PSE: TA): PhP1.74, -2.25%
• Keppel Philippines Holdings Inc. “B” (PSE: KPHB): PhP4.90, -2.2%
• Leisure & Resorts World Corporation (PSE: LR): PhP8.99, -2.18%
• Apex Mining Company Inc. “B” (PSE: APXB): PhP4.50, -2.17%
• Philippine National Bank (PSE: PNB): PhP97.90, -2.1%
• A Brown Company Inc. (PSE: BRN): PhP2.90, -2.03%
• Ayala Land Inc. (PSE: ALI): PhP29.95, -1.8%
• Manila Jockey Club Inc. (PSE: MJC): PhP2.75, -1.79%
• TKC Steel Corporation (PSE: T): PhP1.67, -1.76%
• Omico Corporation (PSE: OM): PhP0.60, -1.64%
• Sun Life Financial Inc. (PSE: SLF): PhP1,082, -1.64%