Profit-taking Still Grips PH Stocks

Manila—(PHStocks)—Philippine stocks were down for the fourth session Thursday, 14 March, amid continued profit taking in the market. The mainboard Philippine Stock Exchange (PSE) index slid further by 1.21% or 81.85pts to 6,694.71 – falling below the 6,700 level after reaching record-high 6800s.

Only the Industrial sector managed to pull in a slight gain today – a mere 1.34pts or 0.01%. The Services index is once again the biggest decliner, losing 2.04%. The Financials index, meanwhile, shed 1.52%, while the Holding Firms segment slid by 1.09%.

Nevertheless, trading continued to be busy. Value turnover reached PhP10.79 billion on 1.85 billion shares traded. There were 53 gainers against 98 decliners, while 46 stocks remained unchanged.

Below are the day’s biggest gainers:

• Calapan Ventures Inc. (PSE: H2O): PhP4.70, +11.37%
• Asia Amalgamated Holdings (PSE: AAA): PhP4.90, +9.38%
• Ginebra San Miguel Inc. (PSE: GSMI): PhP16.90, +6.96%
• Unioil Resources & Holdings Company Inc. (PSE: UNI): PhP0.27, +5.88%
• Universal Robina Corporation (PSE: URC): PhP102.30, +4.92%
• JG Summit Holdings Inc. (JG Summit, PSE: JGS): PhP41.95, +4.88%
• Concrete Aggregates Corporation “A” (PSE: CA): PhP65, +4.84%
• Abra Mining & Industrial Corporation (PSE: AR): PhP0.005, +4.17%
• LMG Chemicals Corporation (PSE: LMG): PhP2.39, +3.91%
• Filipino Fund Inc. (PSE: FFI): PhP13.30, +3.91%

Below are the biggest decliners for the day:

• Transpacific Broadband Group International Inc. (PSE: TBGI): PhP1.99, -9.55%
• Mabuhay Vinyl Corporation (PSE: MVC): PhP1.75, -9.33%
• iRipple Inc. (PSE: RPL): PhP9.88, -6.79%
• United Paragon Mining Corporation (PSE: UPM): PhP0.016, -5.88%
• MJCI Investments Inc. (PSE: MJIC): PhP5.72, -4.35%
• Agrinurture Inc. (PSE: ANI): PhP7.07, -4.20%
• Aboitiz Power Corporation (PSE: AP): PhP38.05, -4.04%
• Bank of the Philippine Islands (PSE: BPI): PhP107.50, -4.02%
• Philippine Long Distance Telephone Co. “Common” (PSE: TEL): PhP2,860, -3.64%
• Island Information and Technology Inc.(PSE: IS): PhP0.055, -3.51%