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%

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