Profit Taking Pulls Back PSEi to 4,800 Territory

PHStocks 23/02/201223/02/2012 0 Comments ALHI, Anchor Land, ARA, Araneta Properties, Highlands Prime, HP, IRC, IRC Properties, Mabuhay Holdings, MHC, PHA, Philippine Tobacco, Premiere Horizon, RCB, RCBC, RCM, Republic Cement, Rizal Commercial Banking, TFC, UBP, Union Bank

Manila—(PHStocks)—Profit taking has pulled down the mainboard Philippine Stock Exchange index (PSEi) back to the 4,800 territory, with the index closing at 4,893.48 points at the end of trading day Thursday, 23 February. This is down by 0.83% from yesterday’s value, and by 1.03% from the 4,943.84 points registered on 20 February.

On a sectoral basis, the Financials index went up by 0.45% while the Holding Firms counter managed a slight gain of 0.04%. The Property index was the biggest loser for the day, dropping by 2.92% to 1,805.3 points.

Trading volume reached 21.39 billion, valued at PhP10.08 billion. There were 64 gainers against 115 losers. Thirty-three stocks were flat.

Below are the top gainers for the day:

1. Union Bank of the Philippines (PSE: UBP): PhP115.00, +25%

2. IRC Properties Inc. (PSE: IRC): PhP1.20, +20%

3. Philippine Tobacco Flue-Curing and Redrying Corp. (PSE: TFC): PhP15.00, +16.1%

4. Highlands Prime Inc. (PSE: HP): PhP1.71, +14%

5. Anchor Land Holdings Inc. (PSE: ALHI): PhP22.80, +13.43%

6. Premiere Horizon Alliance Corp. (PSE: PHA): PhP0.325, +12.07%

7. Republic Cement Corp. (PSE: RCM): PhP9.03, +8.8%

8. Araneta Properties Inc. (PSE: ARA):PhP0.52, +8.33

9. Rizal Commercial Banking Corp. (PSE: RCB): PhP37.30, +8.12%

10. Mabuhay Holdings Corp. (PSE: MHC): PhP0.58, +7.41%