PH Stocks Falter, Down 0.39%

PHStocks 18/02/201129/01/2012 0 Comments ABA, Abacus Consolidated, Basic Energy, BSC, energy, FFI, Filipino Fund, Financials, Interport Resources, IRC, Manila Bulletin, MARC, Marcventures, MB, minerals, mining, oil, OPM, Oriental Petroleum, PH, Philippine Racing Club, Philippine Stock Exchange, PRC, property, PSE, PSE Index, PSEi, real estate, SINO, Sinophil, stocks, VITA, Vitarich

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%