PH Stocks Extend Declines

Manila—(PHStocks)—Philippine stocks continued their decline Tuesday, 12 March, amid widespread profit taking. The mainboard Philippine Stock Exchange (PSE) index fell below the 6,800 level, closing today’s trading at 6,786.42, down by 0.4% or 27.53pts.

On a sectoral basis, the Mining and Oil index wiped its gains yesterday, shedding 1.7% or 373.4pts. The same goes for the Property sector, which declined by 0.84%. The wider All Shares index, on the other hand, slid by just 0.4% or 17.14pts.

Trading, however, remained heavy. Value turnover reached PhP18.24 billion on 2 billion shares traded. There were 52 gainers against 106 losers, while 50 stocks remained flat.

Below are the top gainers for the day:

• IP E-Game Ventures Inc. (PSE: EG): PhP0.026, +8.33%
• Island Information and Technology Inc. (PSE: IS): PhP0.056, +7.69%
• Aboitiz Power Corporation (PSE: AP): PhP39.40, +6.49%
• GLOBALPORT 900 Inc. (PSE: PORT): PhP20, +5.26%
• Alphaland Corporation (PSE: ALPHA): PhP22, +4.76%
• MJCI Investments Inc. (PSE: MJIC): PhP5.98, +4.55%
• Unioil Resources & Holdings Company Inc. (PSE: UNI): PhP0.265, +3.92%
• iRipple Inc. (PSE: RPL): PhP10.60, +3.52%
• Lodestar Investment Holdings Corporation (PSE: LIHC): PhP0.93, +3.33%
• Mariwasa Siam Holdings Inc. (PSE: MMI): PhP6, +3.27%

Below are today’s biggest price decliners:

• Phoenix Petroleum Philippines Inc. (PSE: PNX): PhP9.85, -9.8%
• Ionics Inc. (PSE: ION): PhP0.66, -9.59%
• Mabuhay Vinyl Corporation (PSE: MVC): PhP1.93, -8.1%
• Cirtek Holdings Philippines Corporation (PSE: CHIPS): PhP24.05, -7.5%
• Philippine Realty & Holdings Corporation (PSE: RLT): PhP0.54, -6.90%
• Rockwell Land Corporation (PSE: ROCK): PhP3.26, -6.32%
• DFNN Inc. (PSE: DFNN): PhP4.70, -6%
• United Paragon Mining Corporation (PSE: UPM): PhP0.016, -5.88%
• Megaworld Corporation WARRANTS1 (PSE: MEGW1): PhP2.72, -5.88%
• Trans-Asia Oil and Energy Development Corp. (PSE: TA): PhP2.39, -5.53%