PH Stocks Continue Rally, Edge Closer to 3,900

PHStocks 18/02/201129/01/2012 0 Comments ALCO, Arthaland, EVER, Ever-Gotesco, Financials, Holding Firms, ICTV, JTH, JTH Davies, LIHC, Lodestar, Lodestar Investment Holdings, MA, MAB, Manila Mining, mining, ore, Oriental Peninsula Resources, PH, Philippine Racing Club, Philippine Stock Exchange, PRC, property, PSE, PSE Index, PSEi, RFM, SGI, Solid Group, stocks

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%