PH Stocks Slid Further
The Philippine stock market continues to take a beating amid rising concerns on skyrocketing oil prices fueled by tensions in the Middle East. Local shares on the bellwether Philippine Stock Exchange index (PSEi) further by 0.7% or 26.2 points to close at 3,730.84—stretching the market’s weak performance for the fifth consecutive trading day.
Two sectors, however, still managed to post gains despite the bloodbath. The Mining & Oil sector ended the day 1.36% higher, while the Holding Firms index gained 0.34% or 10.68 points.
Trading volume reached 7.24 billion, valued at PhP2.97 billion. Losers outnumber gainers 99 to 40, while 28 stocks remain unchanged.
The top 10 gainers for today are as follows:
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Manila Mining Corp. (PSE: MA): PhP0.035, +9.38%
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Oriental Petroleum and Minerals Corp. “A” (PSE: OPM): PhP0.014, 7.69%
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The Philodrill Corp. (PSE: OV): PhP0.015, +7.14:
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Basic Energy Corp. (PSE: BSC): PhP0.169, +6.29%
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Cebu Holdings Inc. (PSE: CHI): PhP2.40, +6.19%
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Manila Mining Corp. “B” (PSE: MAB): PhP0.035, +6.06%
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Prime Media Holdings Inc. (PSE: PRIM): PhP2.14, +5.94%
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Splash Corp. (PSE: SPH): PhP2.48, +5.53%
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Lepanto Consolidated Mining Co. “A” (PSE: LC): PhP0.45, +4.65%
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Lepanto Consolidated Mining Co. “B” (PSE: LCB): PhP0.465, +4.49%
The top five losers are:
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Acesite (Phils.) Hotel Corp. (PSE: DHC): PhP2.13, -27.55%
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Wellex Industries Inc. (PSE: WIN): PhP0.077, -14.44%
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Araneta Properties Inc. (PSE: ARA)PhP0.30, -14.29%
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Lorenzo Shipping Corp. (PSE: LSC): PhP0.90, -13.46%
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San Miguel Pure Foods Co. Inc. (PSE: PF): PhP1,800.00, -10.00%