PH Stocks End Bloodshed; PSEi Up 0.41%

Manila—(PHStocks)—Philippine stocks rebounded as investors hunt for bargain shares after a two-day bloodshed in the market (See here and here). The bellwether Philippine Stock Exchange index (PSEi) gained 0.41% to close the trading day at 6,072.18. The wider all-shares index also recovered, gaining 0.33% to reach 3,829.47.

On a sectoral basis, all indices except the Financials – the only gainer yesterday – and the Industrials were up. Leading the charge was the Mining and Oil sector which increased by 1.88%, followed by the Property segment, which gained 1%. The Financials index was slightly down by 0.22%, while the Industrials, by 0.31%.

A total of 2.44 billion shares were traded today, with a value turnover of PhP7.32 billion. There were 86 gainers against 77 decliners, while 49 stocks remained flat.

Below are the biggest gainers for today:

• Keppel Philippines Properties, Inc. (PSE: KEP): PhP2.85, +23.91%
• Omico Corporation (PSE: OM): PhP0.63, +14.55%
• Lorenzo Shipping Corporation (PSE: LSC): PhP1.55, +9.93%
• Victorias Milling Company Inc. (PSE: VMC): PhP1.58, +7.48%
• MJCI Investments Inc. (PSE: MJIC): PhP7.15, +6.72%
• D&L Industries Inc. (PSE: DNL): PhP5.31, +6.63%
• Manchester International Holdings Unlimited Corp. “B” (PSE: MIHB): PhP14.20, +5.97%
• Basic Energy Corporation (PSE: BSC): PhP0.29, +5.45%
• Manchester International Holdings Unlimited Corp. “A” (PSE: MIH): PhP14, +5.42%
• Zeus Holdings Inc. (PSE: ZHI): PhP0.69, +4.55%

Below, meanwhile, are the biggest decliners:

• Panasonic Manufacturing Philippines Corporation (PSE: PMPC): PhP4.50, -26.23%
• Araneta Properties Inc. (PSE: ARA): PhP1, -17.36%
• Sta. Lucia Land Inc. (PSE: SLI): PhP0.73, -13.1%
• Highlands Prime Inc. (PSE: HP): PhP1.74, -12.56%
• Euro-Med Laboratories Philippines Inc. (PSE: EURO): PhP1.82, -11.22%
• Forum Pacific Inc. (PSE: FPI): PhP0.218, -9.17%
• Unioil Resources & Holdings Company Inc. (PSE: UNI): PhP0.27, -6.9%
• Philippine Estates Corporation (PSE: PHES): PhP0.66, -5.71%
• Prime Media Holdings Inc. (PSE: PRIM): PhP1.33, -5%
• Oriental Petroleum and Minerals Corporation “A” (PSE: OPM): PhP0.02, -4.76%