PH Stocks Retreated

PHStocks 03/02/2012 0 Comments Chemical Industries, CIP, F & J Prince, Financials, FJPB, GMA 7, GMA Network, GMA7, Holding Firms, IMP, Imperial Resources, Interport Resources, IRC, KEP, Keppel Philippines, KPH, Mabuhay Holdings, MHC, mining, MJC Investments, MJIC, oil, Philippine Stock Exchange, PSE, PSE Index, PSEi, REG, Republic Glass

Manila—(PHStocks)–Possible profit taking wiped off the gains earned by local shares yesterday as the market retreated at the close the week after a strong three-day rally. The bellwether Philippine Stock Exchange Index (PSEi) dropped to 4,758.57 points at the close of the market today, after touching a record 4,822 points yesterday.

All counters except the Financials and Mining & Oil indices were down, led by the 3.16% decline by the Holding Firms sector. The Property sector also shaved off its gains yesterday, dropping by 1.84% today.

The Financials sector edged slightly up by 0.53% while the Mining & Oil index managed to pull a 0.12% increase.

Trading volume reached 11.44 billion, valued at PhP8.68 billion. There were 107 losers against 79 gainers, while 32 stocks remain flat.

Below are the top gainers for the day:

1. Chemical Industries of the Philippines (PSE: CIP): PhP92.25, +50%

2. Keppel Philippines Properties Inc. (PSE: KEP): PhP2.40, +50%

3. MJC Investments Corporation (PSE: MJIC): PhP4.47, +41.9%

4. Imperial Resources Inc. “A” (PSE: IMP): PhP13.50, +35.81%

5. Keppel Philippines Holdings, Inc. “A” (PSE: KPH): PhP4.60, +33.33%

6. Republic Glass Holdings Corporation (PSE: REG): PhP2.28, +29.55%

7. Mabuhay Holdings Corporation (PSE: MHC): PhP0.60, +22.45%

8. F & J Prince Holdings Corporation “B” (PSE: FJPB): PhP3.55, +18.33%

9. GMA Network Inc. (PSE: GMA7): PhP9.62, +17.03