PH Stocks Rebound

Local shares made a turnaround Friday, with the bellwhether Philippine Stock Exchange index (PSEi) ending its five-day bloodbath by gaining 0.59% or 22.5 points to close at 3,839.88points. The wider all-shares index likewise recovered, increasing 0.75% to 2,881 points.

All counters were also on a turnaround, capping the week on a positive note, with the Mining & Oil index posting the biggest gain at 3.12%.

Trading volume reached 1.15 billion, worth PhP5.58 billion, on 13,339 trades. Gainers led losers 89 to 35, while 37 stocks remained flat.

Below are the leading stock price gainers for the day

1. Berjaya Philippines Inc. (PSE: BCOR): PhP17.90, +2.90, +19.33% 
2. United Paragon Mining Corp. (PSE: UPM): PhP0.013, +0.002, +18.18%
3. SPC Power Corp. (PSE: SPC): PhP4.89, +0.49, +11.14%
4. Leisure and Resorts World Corp. (PSE: LR): PhP8.29, +0.75, +9.95%
5. Lepanto Consolidated Mining Co. “B” (PSE: LCB): PhP0.485, +0.04, +8.99%
6. TKC Steel Corp. (PSE: T): PhP3.80, +0.26, +7.34% 
7. SM Development Corp. (PSE: SMDC): PhP7.55, +0.45, +6.34% 
8. PNOC Exploration Corp. “B” (PSE: PECB): PhP27.50, +1.50, +5.77% 
9. Alphaland Corp. (PSE: ALPHA): PhP53.90, +2.90, +5.69%
10. JG Summit Holdings Inc. (PSE: JGS): PhP20.45, +0.97, +4.98%