PH Stocks Set New Record, Breach 6,500

Manila—(PHStocks)—The bellwether Philippine Stock Exchange index (PSEi) surged to make a new history Wednesday by breaking the 6,500-point mark and closing at 6,527.99, up by 68.06pts or 1.05%, amid continuing confidence in the country’s macroeconomic outlook. Investors seemingly rallied to scoop up potential yields after two successive trading days of what analysts may call “correction”.

All counters were on the green, led by the Property index, which reversed its decline and gained 2.36%. The Financials went up by 1.46%, while the Services sector gained 0.74%. The wider All-Shares index likewise recovered its losses, gaining 28.64pts to close at 4,094.18.

Value turnover reached PhP8.28 billion today on 2.2 billion shares traded. There were 112 gainers against 52 losers, while 50 stocks remained flat.

Below are the biggest gainers in today’s rally:

• Megaworld Corporation WARRANTS2 (PSE: MEGW2): PhP2.33, +8.88%
• Calapan Ventures Inc. (PSE: H2O): PhP4.29, +7.25%
• Manila Bulletin Publishing Corporation (PSE: MB): PhP0.89, +7.23%
• Asian Terminals Inc. (PSE: ATI): PhP15.60, +6.27%
• ATN Holdings Inc. “B” (PSE: ATNB): PhP1.03, +6.19%
• Prime Orion Philippines Inc. (PSE: POPI): PhP0.71, +5.97%
• Seafront Resources Corporation (PSE: SPM): PhP2.32, +5.45%
• Acesite (Philippines) Hotel Corporation (PSE: ACE): PhP1.40, +5.26%
• ATN Holdings Inc. “A” (PSE: ATN): PhP1.05, +5%
• Filinvest Land Inc. (PSE: FLI): PhP1.89, +5%
• Anchor Land Holdings Inc. (PSE: ALHI): PhP21, +5%

Today’s sliders, meanwhile, are as follows:

• Berjaya Philippines Inc. (PSE: BCOR): PhP25.85, -16.61%
• Imperial Resources Inc. “A” (PSE: IMP): PhP5.10, -11.3%
• Dizon Copper Silver Mines Inc. (PSE: DIZ): PhP15, -5.06%
• First Abacus Financial Holdings Corp. (PSE: FAF): PhP0.81, -4.71%
• 2GO Group Inc. (PSE: 2GO): PhP1.80, -4.26%
• iRipple Inc. (PSE: RPL): PhP9.40, -4.08%
• Unioil Resources & Holdings Company Inc. (PSE: UNI): PhP0.27, -3.57%
• Omico Corporation (PSE: OM): PhP0.56, -3.45%
• Philippine Estates Corporation (PSE: PHES): PhP0.61, -3.17%
• National Reinsurance Corporation of the Philippines (PSE: NRCP): PhP1.90, -3.06%