PH Stocks Slid Further

Local shares remain in red as trading continued its weak performance for the third consecutive day Thursday. Stocks in the main board Philippine Stock Exchange index (PSEi) fell 2.7% or 105.06 points to 3,738.31. The Property sector suffered the biggest decline, sliding 4.4%, followed by the Holding Firms index, with a 2.9% drop, and the Industrial sector, which closed at 2.43% lower.

Trading volume reached 1.71 billion, valued at PhP6.35 billion. Losers greatly outnumber gainers 126 to 19, while 30 stocks remain unchanged.

The following are the top 10 stocks out of the 19 that posted gains despite a weak trading day:

1. Philippine Racing Club Inc. (PSE: PRC): PhP4.45, 10.97%

2. Benguet Corp. “B” (PSE: BCB): PhP15.50, 10.71%

3. United Paragon Mining Corp. (PSE: UPM): PhP0.014, 7.69%

4. Philippine Long Distance Telephone Co. (PLDT) 10% Cumulative Convertible Pref. Series A (PSE: TELA): PhP10.84, 7.33%

5. Premiere Entertainment Philippines Inc. (PSE: PEP): PhP0.28, 3.70%

6. Liberty Flour Mills Inc. (PSE: LFM): PhP49.00, 3.16%

7. MRC Allied Inc. (PSE: MRC): PhP0.78, 2.63%

8. Ionics Inc. (PSE: ION): PhP1.34, 1.52%

9. Benguet Corp. “A” (PSE: BC): PhP13.50, 1.50%

10. MUSX Corp. (PSE: MUSX): PhP0.069, 1.47%

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