Profit Taking Pulls Back PH Stocks Rally
Manila—(PHStocks)—Philippine stocks broke past the 6,000 barrier early in the trading session Thursday, 19 December, due to the announcement of the Fed’s tapering of its QE programme starting next month, but finished the trading day in the red as investors lock their gains.
The Philippine Stock Exchange index (PSEi) gained as much as 98.23 points in the morning session amid the Fed announcement, but went down by 38.43 points to 5,923.12 at the end of the trading day as investors took in their profits.
Except for the Industrial (+0.41%) and Mining and Oil (+0.63%), all counters are back in the red, led by the Holding Firms segment (-0.97%) and Financials (0.9%). The wider All-Shares index was nearly flat (-0.08%).
Trading was moderate, with value turnover reaching PhP6.7 billion on 626 million traded shares. There were 86 gainers against 66 losers, while 37 stocks were flat.
Top most active in terms of value:
- Philippine Long Distance Telephone Co. (PSE: TEL): PhP2,672.00, -0.07%
- Alliance Global Group Inc. (PSE: AGI): PhP25.75, -0.96%
- Ayala Land Inc. (PSE: ALI): PhP25.10, -1.18%
- Metropolitan Bank & Trust Co. (PSE: MBT): PhP74.50, -0.07%
- SM Prime Holdings Inc. (PSE: SMPH): PhP14.92, 1.50%
- Universal Robina Corp. (PSE: URC): PhP119.00, -0.08%
- SM Investments Corp. (PSE: SM): PhP735.00, -0.27%
- Puregold Price Club Inc. (PSE: PGOLD): PhP37.00, 0.82%
- Ayala Corp. (PSE: AC): PhP533.00, -1.20%
- Bank of the Philippine Islands (PSE: BPI): PhP87.20, -2.30%
Top gainers:
- 8990 Holdings Inc. (PSE: HOUSE): PhP7.40, 22.92%
- MacroAsia Corp. (PSE: MAC): PhP4.19, 13.24%
- Ever-Gotesco Resources & Holdings Inc. (PSE: EVER): PhP0.20, 12.99%
- Philippine Estates Corp. (PSE: PHES): PhP0.395, 9.72%
- Vivant Corp. (PSE: VVT): PhP11.00, 8.91%
- Liberty Telecoms Holdings Inc. (PSE: LIB): PhP1.98, 8.20%
- Benguet Corp. “A” (PSE: BC): PhP7.10, 7.58%
- Robinsons Retail Holdings Inc. (PSE: RRHI): PhP57.30, 6.70%
- Splash Corp. (PSE: SPH): PhP1.94, 6.59%
- Philippine Racing Club Inc. (PSE: PRC): PhP9.40, 6.21%
Top decliners:
- Megaworld Corp. WARRANTS1 (PSE: MEGW1): PhP1.21, -48.29%
- Island Information and Technology Inc. (PSE: IS): PhP0.026, 2,600.00
- Lorenzo Shipping Corp. (PSE: LSC): PhP1.48, 27,030.00
- Phinma Corp. (PSE: PHN): PhP12.02, 1,341,046.00
- Benguet Corp. “B” (PSE: BCB): PhP6.30, 203,210.00
- Philex Petroleum Corp. (PSE: PXP): PhP8.00, 1,429,214.00
- TKC Steel Corp. (PSE: T): PhP1.85, 553,540.00
- Da Vinci Capital Holdings Inc. (PSE: DAVIN): PhP0.86, 332,820.00
- San Miguel Pure Foods Co. Inc. (PSE: PF): PhP217.00, 9,992,448.00
- Paxys Inc. (PSE: PAX): PhP2.26, 3,707,420.00