PH Stocks Still Bleeding

Shares in the Philippine Stock Exchange (PSE) index (PSEi) ended the first day of February in the red, continuing its weak performance for the third trading day since Friday, January 28. Stocks in the main index are down 1.31% or 50.98 points to 3,830.49.

The Holding Firms and the Financials sectors continue to lead the losing indices, suffering 2.21% and 2.07% declines, respectively. Losers led gainers 93 to 34, while 39 stocks remained flat.

Top gainers for the day include Asia Amalgamated Holdings (PSE: AAA), Makati Finance Corp. (PSE: MFIN), F&J Prince Holdings Corp. “A” (PSE: FJP), Phinma Corp. (PSE: PHN), Benguet Corp. “B” (PSE: BCB), Trans-Asia Oil and Energy Development Corp. (PSE: TA), South China Resources Inc. (PSE: SOC), Zeus Holdings Inc. (PSE: ZHI), Petroenergy Resources Corp. (PSE: PERC), and Oriental Peninsula Resources Group Inc. (PSE: ORE).

Metro Pacific Tollways Corp. (PSE: TOL), Liberty Flour Mills Inc. (PSE: LFM), Roxas and Company Inc. (PSE: RCI), Vista Land & Lifescapes Inc. (PSE: VLL), Apex Mining Company Inc. “A” (PSE: APX), Manila Mining Corp. (PSE: MA), Aboitiz Equity Ventures Inc. (PSE: AEV), Prime Orion Philippines Inc. (PSE: POPI), and House of Investments Inc. (PSE: HI), meanwhile, are among the top losers.

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