PH Stocks Post Weak Week-ender

Local shares at the main board Philippine Stock Exchange (PSE) index (PSEi) ended the week sliding 0.41% to 3,872.35 points, posting a 16.2-point decline. The Property Firms and the Services indices led the biggest slide, at 0.91% and 0.7%, respectively. Only the Holding Firms and the Mining & Oil sectors finished positive, posting a slight 0.06% and 0.45% increases, respectively.

Around 2.42 billion shares were traded, valued at PhP2.77 billion. Losers outnumber gainers 76 to 58, while 38 stocks remain flat.

Leading the gainers are Acesite (Philippines) Hotel Corp. (PSE: DHC), Omico Corp. – Warrants (PSE: OMW2), Vitarich Corp. (PSE: VITA) , MJC Investments Corp. (PSE: MJIC), F&J Prince Holdings Corp. (PSE: FJP), Manila Bulletin Pub. Corp. (PSE: MB), Pacifica Inc. (PSE: PA), Oriental Petroleum & Mineral Corp. (PSE: OPM), and Oriental Peninsula Resources Group Inc. (PSE: ORE).

Loser for the day include Manchester International Holdings Unlimited Corp. “B” (PSE: MIHB), Asia Amalgamated Holdings Corp. (PSE: AAA), Ever-Gotesco Resources and Holdings Inc. (PSE: EVER), Berjaya Philippines Inc. (PSE: BCOR), Belle Corp. (PSE: BEL), Philippine Long Distance Telephone Co. (PLDT)  10% Cumulative Convertible Pref. Series X (PSE: TELX), IP E-Game Ventures Inc. (PSE: EG), Splash Corp. (PSE: SPH), Bankard Inc. (PSE: BKD), and Suntrust Home Developers Inc. (PSE: SUN).

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