PH Stocks Take Pause on Profit Taking

PHStocks 18/09/201319/09/2013 0 Comments ABG, AGI, ALHI, ALI, Alliance Global, Anchor Land, Anglo Philippine Holdings, APO, Asiabest Group, ATN, Ayala, Calapan Ventures, CHIB, China Bank, Chinabank, DFNN, ELI, Empire East Land, Ever-Gotesco, Greenergy, H2O, IMI, Integrated Micro-Electronics, LFM, Liberty Flour Mills, Liberty Telecoms, LMG Chemicals, LT Group, LTG, Mabuhay Vinyl, MacroAsia, MBT, Metrobank, MJCI, MVC, PHES, Philippine Estates, Philippine National Bank, PLDT, PNB, RCB, Rizal Commercial Bank, SECB, Security Bank, SM Investments, Suntrust, TEL, Touch Solutions, TSI, Universal Robina, URC

Manila—(PHStocks)—Philippine stocks take a breather on Wednesday, 18 September, as investors lock in their gains. The benchmark Philippine Stock Exchange index (PSEi) shed 10.18 points or just 0.16% to close today’s trading at 6,333.96 – maintaining its foothold at the 6,300 level.

On sectoral basis, the Financials led the gainers, posting a 0.95% increase, while the Mining and Oil segment cut its downtrend to recover by 0.21% today. The Property index, on the other hand, led the losers, shedding 0.69%, while the Holding Firms sector dropped by 0.32%.

Philippine National Bank (PNB) led the banks today, gaining 4.76%, followed by China Banking Corp. (CHIB), which increased by 4.35%. The property side was dragged down by Empire East Land Holdings Inc. (ELI), which lost 5.1%, and Philippine Estates Corp. (PHES), which declined by 3.23%. The wider All Shares index, however, just shed 0.12% or 4.48 points.

Trading was slightly heavy today, with value turnover reaching Php8.38 billion on 1 billion shares traded. There were 70 gainers today versus 68 losers, while 42 stocks were flat.

Today’s most active stocks by value include Ayala Land Inc. (ALI, PhP28.10, -0.53%), Alliance Global Group Inc. (AGI, PhP26.00, -2.99%), Philippine Long Distance Telephone Co. (TEL, PhP2,942.00, 0.07%), LT Group Inc. (LTG, PhP19.88, -0.50%), Metropolitan Bank & Trust Company (MBT, PhP85.50, 1.00%), SM Investments Corp. (SM, PhP785.00, -1.26%), Universal Robina Corp. (URC, PhP126.00, -0.71%), Security Bank Corp. (SECB, PhP126.30, 2.93%), Rizal Commercial Banking Corporation (PSE: RCB): PhP46.00, 2.91%), and Ayala Corp. (AC, PhP586.00, 1.03%).