PHStocks Week in Review: Milestone One
Manila—(PHStocks)—Local shares achieved a milestone last week as the Philippine Stock Exchange index (PSEi) breached the 4,800-point mark by closing at at 4,822.08 on Thursday, 2 February.
However, the market retreated on Friday, 3 February, to end at 4,758.57 points, probably after investors’ profit-taking. Nevertheless, weekly performance is satisfactory. Compared to the market closing last week, the PSEi was up 1.68%. All counters except the Industrial Index were up week-on-week, led by the Financials counter, which surged 4.89%. The Property Index came in second with a 3.08% growth.
Overall, the trend is good, considering we are just at the beginning of the year. Provided no drastic economic changes happenning suddenly in the country or elsewhere in the world, PHStocks expects the trend to continue, and the market to eventually hit the 5,000-point mark.
Meanwhile, below are the past week’s top price gainers:
1. MJC Investments Corporation (PSE: MJIC): PhP4.47, +219.29%
2. Imperial Resources, Inc. “B” (PSE: IMPB): PhP62.00, +109.46%
3. LMG Chemicals Corporation (PSE: LMG): PhP6.00, +99.34%
4. Imperial Resources, Inc. “A” (PSE: IMP): PhP13.50, +80%
5. Mariwasa Siam Holdings Inc. (PSE: MMI): PhP5.00, +77.94%
6. Chemical Industries of the Philippines (PSE: CIP): PhP92.25, +50%
6. Keppel Philippines Properties Inc. (PSE: KEP): PhP2.40, +50%
8. F & J Prince Holdings Corporation “A” (PSE: FJP): PhP3.56, +39.06%
9. AGP Industrial Corporation (PSE: AGP): PhP42.30, +37.34%
10. F & J Prince Holdings Corporation “B” (PSE: FJPB): PhP3.55, +36.02%
11. Interport Resources Corporation “B” (PSE: IRCB): PhP1.00, +35.14%
12. Seafront Resources Corporation (PSE: SPM): PhP1.61, +34.17%
13. Republic Glass Holdings Corporation (PSE: REG): PhP2.28, +29.55%
14. Ever-Gotesco Resources & Holdings, Inc. (PSE: EVER): PhP0.25, +27.55%
15. NiHAO Mineral Resources International, Inc. (PSE: NI): PhP9.00, +24.48%
16. Mabuhay Holdings Corporation (PSE: MHC): PhP0.60, +23.71%
17. Interport Resources Corporation “A” (PSE: IRC): PhP0.98, +22.5%
18. Dizon Copper Silver Mines, Inc. (PSE: DIZ): PhP16.92, +21.9%
19. Anchor Land Holdings Inc. (PSE: ALHI): PhP22.50, +20.97%
20. Marcventures Holdings Inc. (PSE: MARC): PhP2.68, +20.72%
21. GMA Network Inc. (PSE: GMA7): PhP9.62, +20.25%
22. Oriental Peninsula Resources Group Inc. (PSE: ORE): PhP5.72, +19.17%
23. Keppel Philippines Holdings Inc. “A” (PSE: KPH): PhP4.60, +17.95%
24. Century Properties Group Inc. (PSE: CPG): PhP2.37, +17.91%
25. Highlands Prime, Inc. (PSE: HP): PhP1.51, +14.39%
26. The Philodrill Corporation (PSE: OV): PhP0.03, +14.29%
27. Alaska Milk Corporation (PSE: AMC): PhP15.94, +13.86%
28. Cebu Holdings Inc. (PSE: CHI): PhP3.46, +13.82%
29. Lodestar Investment Holdings Corporation (PSE: LIHC): PhP1.02, +13.33%