PH Stocks Recover
Local stocks closed Monday on a positive note, with the Philippine Stock Exchange (PSE) index (PSEi) slightly growing 0.2% to 3,880.03 points, reversing the weak performance last Friday. The Industrial and the Holding Firms sectors led the uptrend, posting 0.55% and o.52% growth, respectively.
Two indices, however, ended the trading day in the red – the Property sector, which slid 0.61% to 1,476.66 points; and the Services sector, which is down 0.14% to1,514.32 points.
Top gainers for the day include Makati Finance Corp. (PSE: MFIN), Liberty Flour Mills Inc. (PSE: LFM), Mabuhay Holdings Corp. (PSE: MHC), Empire East Land Holdings Inc. (PSE: ELI), ATR Kimeng Financial Corp. (PSE: ATRK), Ever-Gotesco Resources & Holdings Inc. (PSE: EVER), Asia Amalgamated Holdings (PSE: AAA), Vivant Corp. (PSE: VVT), East Asia Power Resources Corp. (PSE: PWR), and DFNN Inc. (PSE: DFNN).
Losers, meanwhile, include Manila Bulletin (PSE: MB), IP E-Game Ventures Inc. (PSE: EG), Panasonic Manufacturing Philippines Corp. (PSE: PMPC), Megaworld Corp. (PSE: MEG), United Paragon Mining Corp. (PSE: UPM), Alcorn Gold Resources Corp. (PSE: APM), AgriNurture Inc. (PSE: ANI), Cyber Bay Corp. (PSE: CYBR), and Marcventures Holdings Inc. (PSE: MARC).