PH Stocks Falter, Down 0.39%

Manila–(PHStocks)–Local shares on the main board Philippine Stock Exchange index (PSEi) slid 0.39% to close trading day Friday at 3,851.24 points, while the all-share index dropped 0.17% to 2,976.47 points.

On sectoral performance, only the Mining & Oil and Industrial indices posted slight growth, at 0.16% and 0.08%, respectively. The Property and Financials sectors, meanwhile, shed 0.83% and 0.62%, respectively.

Trading volume only reached about 834.66 million, valued at PhP3.1 billion. Losers outnumber gainers 64 to 57, while 45 stocks remain unchanged.

Vitarich Corp. (PSE: VITA) led the day’s gainers with a 22.22% increase in stock price to PhP0.44. Interport Resources Corp. (PSE: IRC), formerly involved in oil exploration activities but now focused on real estate development, closed the day with the second highest increase in stock price at 19.4% to PhP0.80. The Philippine Racing Club Inc. (PSE: PRC), meanwhile came in at third with a stock price growth of 16.36% (PhP6.40). 

The rest of the top 10 gainers for Friday include:

Oriental Petroleum and Minerals Corp. “A” (PSE: OPM): PhP0.014, +7.69% 

Basic Energy Corp. (PSE: BSC): PhP0.17, +7.59% 

Filipino Fund Inc. (PSE: FFI): PhP7.40, +5.71% 

Manila Bulletin Publishing Corp. (PSE: MB): PhP0.62, +5.08%

Abacus Consolidated Resources and Holdings Inc. “Common” (PSE: ABA): PhP0.91, +4.6%

Marcventures Holdings Inc. (PSE: MARC): PhP2.09, +4.5%  

Sinophil Corp. (PSE: SINO): PhP0.36, +4.35%

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