Monday Closing Reflects Upbeat Market Sentiment

Local shares ended February and greeted the start of the week in a positive note, with the bellwether Philippine Stock Exchange index (PSEi) posting a gain of 0.79%, or 29.69 points, to end the Monday trading day at 3,766.73 points. This marks the second trading day recovery for local stocks, which suffered a severe beating last week brought about by ripples of the Libya crisis.

On a sectoral basis, the Holding Firms segment rallied with a 4.84% growth. The Financials sector likewise recovered, posting a gain of almost 2.6%.

Overall, the wider all-shares index gained 0.89% after 13,565 trades. Total volume reached 2.32 billion, valued at nearly PhP8.3 billion—a significant increase from the PhP3.8 billion in last Friday’s closing.

There were 63 gainers against 61 losers, while 45 stocks remained flat.

Below are the leading stock price gainers for the day:

  1. Aboitiz Equity Ventures Inc. (PSE: AEV): PhP47.00, +17.5%
  2. Cebu Holdings Inc. (PSE: CHI): PhP2.55, +15.91%
  3. Interport Resources Corp. “B” (PSE: IRCB): PhP0.79, +12.86%
  4. BDO Leasing & Finance Inc. (PSE: BLFI): PhP1.75, +9.38%
  5. PNOC Exploration Corp. “B” (PSE: PECB): PhP24.00, +9.09%
  6. Petron Corp. (PSE: PCOR): PhP15.40, +7.69%
  7. Globe Telecom Inc. (PSE: GLO): PhP710.00, +7.58%
  8. Liberty Telecoms Holdings Inc. (PSE: LIB): PhP4.80, +6.67%
  9. Security Bank Corp. (PSE: SECB): PhP77.70, +6.44%

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