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:

  1. Manila Mining Corp. (PSE: MA): PhP0.035, +9.38%
  2. Oriental Petroleum and Minerals Corp. “A” (PSE: OPM): PhP0.014, 7.69%
  3. The Philodrill Corp. (PSE: OV): PhP0.015, +7.14: 
  4. Basic Energy Corp. (PSE: BSC): PhP0.169, +6.29% 
  5. Cebu Holdings Inc. (PSE: CHI): PhP2.40, +6.19% 
  6. Manila Mining Corp. “B” (PSE: MAB): PhP0.035, +6.06% 
  7. Prime Media Holdings Inc. (PSE: PRIM): PhP2.14, +5.94% 
  8. Splash Corp. (PSE: SPH): PhP2.48, +5.53% 
  9. Lepanto Consolidated Mining Co. “A” (PSE: LC): PhP0.45, +4.65%
  10. Lepanto Consolidated Mining Co. “B” (PSE: LCB): PhP0.465, +4.49%

The top five losers are:

  1. Acesite (Phils.) Hotel Corp. (PSE: DHC): PhP2.13, -27.55%
  2. Wellex Industries Inc. (PSE: WIN): PhP0.077, -14.44%
  3. Araneta Properties Inc. (PSE: ARA)PhP0.30, -14.29%
  4. Lorenzo Shipping Corp. (PSE: LSC): PhP0.90, -13.46%
  5. San Miguel Pure Foods Co. Inc. (PSE: PF): PhP1,800.00, -10.00% 

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