PH Stocks Continue Rally, Edge Closer to 3,900
Local stocks at the bellwether Philippine Stock Exchange index (PSEi) continue their positive rally Thursday, closing the trading day at 1.43% or 54.34 points higher to 3,866.38 points – edging closer to the 3,900 mark.
The Financials led sectoral indices’ march, posting 1.96% growth. The Property sector gained 1.81%, while the Holding Firms index grew 1.59%.
About 11,550 trades combined for a volume of almost 1.19 billion, valued at PhP3.71 billion. Gainers led losers 66 to 60, while 39 stocks remain unchanged.
The Philippine Racing Club Inc. (PSE: PRC) led the day’s gainers with a 22.22% increase in its stock price to PhP5.50. Meanwhile, JTH Davies Holdings Inc. (PSE: JTH), a company engaged in the distribution of agri-chemicals and construction supplies, joined today’s top 10 with a 15.85% stock price growth to PhP1.90. Information Capital Technology Ventures Inc. (PSE: ICTV) finished third for the day with a 14.58% gain to PhP0.55.
Other gainers include:
Manila Mining Corp. (PSE: MAB): PhP0.031, +6.90%
Arthaland Corp. (PSE: ALCO): PhP0.166, +6.41%
RFM Corp. (PSE: RFM): PhP1.55, +6.16%
Lodestar Investment Holdings Corp. (PSE: LIHC): PhP0.88, +6.02%
Ever-Gotesco Resources and Holdings Inc. (PSE: EVER): PhP0.125, +5.93%
Solid Group Inc. (PSE: SGI): PhP1.19, +5.31%
Oriental Peninsula Resources Group Inc. (PSE: ORE): PhP2.80, +5.26%