PH Stocks Slide Further; PSEi Keeps Foothold Above 6,000

Manila—(PHStocks)—Philippine stocks continue their decline today, as the Philippine Stock Exchange index (PSEi) dropped by 0.66% to 6,047.52 amid continued profit taking. The wider all-shares index also bled, dropping by 0.5% to close the trading day at 3,816.97.

All counters except for the Financials sector are all in the red, led by the Holding Firms index, which shed 1.06%. The Property sector lost 0.83%, while the Mining and Oil index slid by 0.78%.

Around 1.94 billion shares worth PhP7.01 billion changed hands today. There were 67 gainers compared to 96 losers and 52 unchanged stocks.

Below are today’s highest gainers:

• Araneta Properties Inc. (PSE: ARA): PhP1.21, +49.38%
• Sta. Lucia Land Inc. (PSE: SLI): PhP0.84, +18.31%
• Euro-Med Laboratories Philippines Inc. (PSE: EURO): PhP2.05, +13.89%
• Imperial Resources Inc. “A” (PSE: IMP): PhP5.6, +12.00%
• Philippine Realty & Holdings Corporation (PSE: RLT): PhP0.50, +8.70%
• Island Information and Technology Inc.(PSE: IS): PhP0.055, +7.84%
• Philippine Estates Corporation (PSE: PHES): PhP0.70, +7.69%
• Mabuhay Holdings Corporation (PSE: MHC): PhP0.50, +5.26%
• Prime Orion Philippines Inc. (PSE: POPI): PhP0.60, +5.26%
• Wellex Industries Inc. (PSE: WIN): PhP0.305, +5.17%

Below, meanwhile, are the biggest losers:

• Mariwasa Siam Holdings Inc. (PSE: MMI): PhP5.1, -10.68%
• Philippine Bank of Communications (PSE: PBC): PhP72, -8.86%
• 2GO Group Inc. (PSE: 2GO): PhP1.68, -6.67%
• Transpacific Broadband Group International Inc. (PSE: TBGI): PhP2.39, -6.27%
• Lorenzo Shipping Corporation (PSE: LSC): PhP1.41, -6.00%
• Ionics Inc. (PSE: ION): PhP0.64, -5.88%
• Century Peak Metals Holdings Corporation (PSE: CPM): PhP1, -5.66%
• Rockwell Land Corporation (PSE: ROCK): PhP3.2, -5.33%
• Phinma Corporation (PSE: PHN): PhP12.38, -4.77%
• Filipino Fund Inc. (PSE: FFI): PhP10.4, -4.41%