PH Stocks End Dry Spell

Local shares ended their weak performance Friday, with the main board Philippine Stock Exchange index (PSEi) gaining 0.17% or 6.2 points to close the trading day at 3,737 points, amid easing oil prices. In terms of sectoral growth, the Industrial and the Services indices recovered, posting 0.66% and 0.6% gains, respectively. They join the Mining & Oil and Holding Firms sectors, which continue to buck the trend amid the week-long bloodbath in the stock market.

Trading volume reached 4.3 billion, worth PhP3.8 billion. Fifty-seven stocks gained, while losers totaled 63. Forty-one stocks, meanwhile, remained flat.

The top 10 leading gainers for the day are as follows:

1. Acesite (Phils.) Hotel Corp. (PSE: DHC): PhP2.64, +23.94% 
2. Phinma Corp. (PSE: PHN): PhP12.60, +9.57% 
3. Philippine Estates Corp. (PSE: PHES): PhP0.085, +8.97% 
4. United Paragon Mining Corp. (PSE: UPM): PhP0.013, +8.33% 
5. Manila Electric Co. (PSE: MER): PhP238, +7.5% 
6. Empire East Land Holdings Inc. (PSE: ELI): PhP0.76, +5.56% 
7. Fil-Estate Land Inc. (PSE: LND): PhP1.69, +4.97% 
8. Anchor Land Holdings Inc. (PSE: ALHI): PhP11.50, +4.55%  
9. Sta. Lucia Land Inc. (PSE: SLI): PhP1.22, +4.27% 
10. EEI Corp. (PSE: EEI): PhP3.40, +3.98%

The top losers for the day are as follows:

1. San Miguel Pure Foods Co. Inc. (PSE: PF): PhP1,400, -22.22% 
2. Cebu Holdings Inc. (PSE: CHI): PhP2.20, -8.33%
3. ATN Holdings Inc. “B” (PSE: ATNB): PhP4.90, -7.55%
4. Aboitiz Transport System Corp. (ATSC, PSE: ATS): PhP1.77, -6.35%
5. Southeast Asia Cement Holdings Inc. (PSE: CMT): PhP1.26, -5.97% 
6. Manila Mining Corp. (PSE: MA): PhP0.033, -5.71%
7. BDO Leasing & Finance Inc. (PSE: BLFI): PhP1.60, -5.33% 
8. Tanduay Holdings Inc. (PSE: TDY): PhP3.20, -4.48%
9. Asian Terminals Inc. (PSE: ATI): PhP7.25, -4.35% 
10. Jollibee Foods Corp. (PSE: JFC): PhP72, -4%