PH Stocks End 8-day Slump
Manila—(PHStocks)—After eight straight days of declines, Philippine stocks have started to pick up as investors take advantage of bargain buys. The Philippine Stock Exchange (PSEi) index went up by 0.83% or 53.36 points to close today’s trading at 6,472.98.
All counters have recovered, led by the Services index, which gained 2.31%. The Mining and Oil sector extended its gains, increasing by 1.93% or 402.05 points, while the Industrial sector gained 0.89%.
Despite only 982 million shares changed hands today, value turnover still reached PhP9.5 billion. There were 103 gainers against 50 decliners, while 51 shares remained flat.
Below are the biggest gainers for the day:
- Filipino Fund Inc. (PSE: FFI): PhP22.80, +38.18%
- Alphaland Corporation (PSE: ALPHA): PhP19.50, +30%
- Melco Crown (Philippines) Resorts Corporation (PSE: MCP): PhP15.10, +12.18%
- ATN Holdings Inc. “B” (PSE: ATNB): PhP1.03, +8.42%
- LT Group Inc. (PSE: LTG): PhP16.22, +8.13%
- Ionics Inc. (PSE: ION): PhP0.70, +7.69%
- Semirara Mining Corp. (PSE: SCC): PhP253.80, +7.09%
- F & J Prince Holdings Corporation “A” (PSE: FJP): PhP3.10, +6.9%
- SM Development Corporation (PSE: SMDC): PhP8.40, +5.13%
- Oriental Petroleum and Minerals Corporation “A” (PSE: OPM): PhP0.021, +5%
Below, meanwhile, are the top price decliners:
- Citystate Savings Bank Inc. (PSE: CSB): PhP18, -34.55%
- iRipple Inc. (PSE: RPL): PhP8.88, -10.12%
- Mariwasa Siam Holdings Inc. (PSE: MMI): PhP6.89, -9.34%
- Bankard Inc. (PSE: BKD): PhP1.02, -6.42%
- Philippine Racing Club Inc. (PSE: PRC): PhP9.95, -4.88%
- MJCI Investments Inc. (PSE: MJIC): PhP5.69, -4.85%
- Asia Amalgamated Holdings (PSE: AAA): PhP4.36, -4.80%
- Asiabest Group International Inc. (PSE: ABG): PhP20.95, -4.77%
- Mabuhay Vinyl Corporation (PSE: MVC): PhP2, -4.76%
- iPeople Inc. (PSE: IPO): PhP10.50, -4.55%