PH Stocks Falter on Sluggish Activity

The bellwether Philippine Stock Exchange index (PSEi) ended Tuesday 0.16% or 5.95 points lower on slow trading activity. All local shares, on the other hand, gained 1.98%. The Holding Firms, Industrial and Financial indices, closed at positive points as well, while the Services sector led dropped 1.19%.

Trading volume was only 602 million stocks, valued at PhP3.51 billion. Losers outnumber gainers 72 to 51, while unchanged stocks are 39.

San Miguel Pure Foods Co. Inc. (PSE: PF), on the heels of its recent announcement regarding its Board’s approval of 15 million new preferred shares, led the top 10 gainers for today with a 50% increase in its stock price to PhP2,250.00. Liberty Flour Mills Inc. (PSE: LFM), meanwhile, continues to be among the top three performing stocks, posting a 41.33% stock price increase to PhP106.00 at the end of trading day today.

The rest of the gainers for Tuesday are as follows:

Philippine Racing Club Inc. (PSE: PRC): PhP4.50, +9.76% 

Shang Properties Inc. (PSE: SHNG): PhP2.00, +8.11% 

Philippine Long Distance Telephone Co. (PLDT): 10% Cumulative Convertible Pref. Series S (PSE: TELS) PhP11.50, +8.08% 

Petron Corp. (PSE: PCOR): PhP14.96, +7.16% 

IP-Converge Data Center Inc. (PSE: CLOUD): PhP2.99, +6.79% 

F&J Prince Holdings Corp. “A” (PSE: FJP): PhP1.24, +5.08%

Aboitiz Transport System Corp. (ATSC, PSE: ATS): PhP1.89, +4.42%

Philippine Long Distance Telephone Co. (PLDT) 10% Cumulative Convertible Pref. Series X (PSE: TELX): PhP11.50, +4.36%

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.