PH Stocks Take a Breather as Investors Lock in Gains

Manila—(PHStocks)—Philippine stocks ended their rally Thursday as investors lock in their gains. The mainboard Philippine Stock Exchange index (PSEi) opened at 6,320.74, up 0.79% (9:30am), and went on to 6,323.7 after 10 minutes of trading. It went on to reach an intraday peak of 6,332.27 as the government announced a 6.8% GDP (gross domestic product) growth for the fourth quarter of 2012. The index then went on to close at 6,242.74 – down 0.45% from yesterday’s 6,271.23 – as profit-taking ensued.

All counters except for the Industrials and Holding Firms segments retreated. The Industrials sector gained 0.5% while the Holding Firms segment pulled in 0.79%. The Financials and Services indices suffered the greatest declines, sliding by 2.05% and 1.72%, respectively.

Turnover for the day reached PhP12.44 billion on 2.8 billion of traded shares. There were 62 advancers and 106 losers, while 44 stocks were flat.

Below are the top gainers for the last trading day of January:

Below are the top decliners:

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