PH Stocks Rise Anew; PSEi Hits Record 6,171.7

Manila—(PHStocks)—The continuing optimism that the country is set to achieve its investment grade rating this year propelled Philippine stocks to a new high, with the mainboard Philippine Stock Exchange index (PSEi) reaching a new record of 6,171.7 – up 0.53% from last week’s close.

The wider all-shares index also went up, gaining 0.38% to 3,877.24. All counters except for the Industrials index also inched higher, led by the Services sector which rose by 2.15%. The Holding Firms segment was up by 0.74% while the Mining and Oil index further its growth by 0.66%.

About 2.93 billion shares changed hands today, valued at PhP6.14 billion. There were 88 advancers compared to 69 decliners, while 51 stocks were flat.

Below are the top gainers at the start of this trading week;

• Chemical Industries of the Philippines (PSE: CIP): PhP104, +42.47%
• Mariwasa Siam Holdings Inc. (PSE: MMI): PhP5.70, +14.00%
• Seafront Resources Corporation (PSE: SPM): PhP2.16, +13.68%
• LMG Chemicals Corporation (PSE: LMG): PhP2.91, +12.79%
• South China Resources Inc. (PSE: SOC): PhP1.20, +11.11%
• Bankard Inc. (PSE: BKD): PhP0.79, +9.72%
• Rizal Commercial Banking Corporation (PSE: RCB): PhP66, +7.32%
• Marcventures Holdings Inc. (PSE: MARC): PhP2.04, +5.15%
• Manila Jockey Club Inc. (PSE: MJC): PhP2.90, +4.69%
• Oriental Petroleum and Minerals Corporation “B” (PSE: OPMB): PhP0.023, +4.55%

Below, on the other hand, are the top decliners:

• iRipple Inc. (PSE: RPL): PhP7.26, -13.16%
• Apex Mining Company Inc. “A” (PSE: APX): PhP4.63, -5.51%
• Oriental Peninsula Resources Group Inc. (PSE: ORE): PhP3.44, -4.44%
• ATN Holdings Inc. “A” (PSE: ATN): PhP0.91, -4.21%
• IP E-Game Ventures Inc. (PSE: EG): PhP0.024, -4.00%
• Atok-Big Wedge Company Inc. “A” (PSE: AB): PhP19.8, -3.65%
• Anchor Land Holdings Inc. (PSE: ALHI): PhP17, -3.41%
• Wellex Industries Inc. (PSE: WIN): PhP0.295, -3.28%
• Arthaland Corporation (PSE: ALCO): PhP0.194, -3%
• Touch Solutions Inc. (PSE: TSI): PhP8.88, -2.63%