PH Stocks Cement Foothold at High 4900s

PHStocks 10/03/201210/03/2012 0 Comments Alaska Milk, AMC, BHI, Boulevard Holdings, Cebu Property, CPV, CPVB, FED, Federal Resources, green, Greenergy, KimEng, LMG, LMG Chemicals, MAKE, Maybank ATR, MRC, MRC Allied, Seafront Resources, SLI, SPM, Sta. Lucia Land

Manila–(PHStocks)–The bellwether Philippine Stock Exchange index (PSEi) ended Friday, 9 March, 0.5% higher from the previous day at 4,980.71 points, continuing on its track to breach 5,000 points again.

The PSEi reached 5,016.30 points on Friday, 2 March, and further grew to 5,030.58 on Monday, 5 March. Tuesday and Wednesday saw massive selloffs as investors cash in on their gains. Wednesday, in particular, saw the PSEi dip to 4,921.36 points, down 0.93% from the previous day. The mainboard index recovered on Thursday, gaining 0.76% to close at 4,958.52.

On a sectoral basis, the Industrials index extended its gains at the close of trading day today, posting a 1.45% growth. The Property sector gained 0.8%, while the Financials index went up by 0.45%.

Trading volume reached 5.91 billion, valued at PhP5.4 billion. There were 93 gainers against 73 losers and 36 flat stocks.

The top gainers for the day are as follows:

1. Maybank ATR KimEng Financial Corp. (PSE: MAKE): PhP6.00, +50%

2. Alaska Milk Corp. (PSE: AMC): PhP20.00, +25%

3. LMG Chemicals Corp. (PSE: LMG): PhP4.46, +15.84%

4. Cebu Property Ventures and Development Corp. “B” (PSE: CPVB): PhP4.60, +15%

5. Boulevard Holdings Inc. (PSE: BHI): PhP0.201, +14.2%

6. Greenergy Holdings Inc. (PSE: GREEN): PhP0.017, +13.33%

7. Sta. Lucia Land Inc. (PSE: SLI): PhP0.84, +10.53%

8. Federal Resources Investment Group Inc. (PSE: FED): PhP9.60, +10.34%

9. Seafront Resources Corp. (PSE: SPM): PhP1.60, +8.84%

10. MRC Allied Inc. (PSE: MRC): PhP0.239, +4.82%