PH Stocks Rally, Post 1.58% Increase

PHStocks 02/02/201129/01/2012 0 Comments AAA, Asia Amalgamated, CEI, common shares, Crown Equities, Holding Firms, MA, Manila Mining, mining, oil, PEC, PH, Philippine Stock Exchange, PNOC Exploration, property, PSE, PSE Index, PSEi, stocks, United Paragon Mining, UPM

Philippine stocks listed in the main board PSE Index (PSEi) rallied in February 2, led by Holding Firms and Property sectors, ending their three-day weak performance. Shares in the PSEi grew 1.58% or 60.58 points to 3,891.07 to end trading day Wednesday, with the Holding Firms sector growing 2.45%, and Property segment growing nearly 2.4%.

The Mining & Oil segment also rallied, led by Asia Amalgamated Holdings (PSE: AAA), Manila Mining Corp. (MA), Crown Equities Inc. (PSE: CEI), PNOC Exploration Corp. (PSE: PEC), and United Paragon Mining Corp. (PSE: UPM).

Overall, gainers led losers 76 to 38, while, 62 stocks remained flat.