PH Stocks Wipe Gains, Slide to 6700 Level

Manila—(PHStocks)—As expected and as it always have been, the record-high levels reached by the stock market prompted profit-taking across the board Thursday, 7 March, wiping out gains made yesterday.

The benchmark Philippine Stock Exchange index (PSEi) went down by 1.61% or 110.08 points to close today’s trading at 6,725.13. All counters are in the red, with the Property sector shedding the most at 3.03% as investors cashed in on their gains amid the sector’s 2.86% surge yesterday. The Financials came in second, losing 1.78%, while the Services sector slid by 1.61%.

Value turnover was particularly high, reaching PhP23.87 billion on 2.515 billion shares traded. There were 58 gainers and 109 losers, while 37 were flat.

Below are the biggest gainers today:

• Bankard Inc. (PSE: BKD): PhP1.42, +49.47%
• Synergy Grid & Development Phils. Inc. (PSE: SGP): PhP450, +22.95%
• Philippine Realty & Holdings Corporation (PSE: RLT): PhP0.62, +19.23%
• iRipple Inc. (PSE: RPL): PhP9.88, +9.78%
• Vitarich Corporation (PSE: VITA): PhP1.03, +9.57%
• Forum Pacific Inc. (PSE: FPI): PhP0.238, +8.18%
• Mabuhay Holdings Corporation (PSE: MHC): PhP0.59, +7.27%
• Touch Solutions Inc. (PSE: TSI): PhP20.2, +6.99%
• Highlands Prime Inc. (PSE: HP): PhP2.40, +6.67%
• Ever-Gotesco Resources & Holdings Inc. (PSE: EVER): PhP0.34, +6.25%

Below, meanwhile, are the biggest decliners:

• Bogo Medellin Milling Company Inc. (PSE: BMM): PhP53, -11.67%
• Ayala Land Inc. (PSE: ALI): PhP31, -5.63%
• Sta. Lucia Land Inc. (PSE: SLI): PhP1.18, -5.6%
• Manila Mining Corporation “A” (PSE: MA): PhP0.059, -4.84%
• Oriental Petroleum and Minerals Corporation “A” (PSE: OPM): PhP0.021, -4.55%
• Alliance Global Group Inc. (PSE: AGI): PhP21.20, -4.29%
• Metropolitan Bank & Trust Company (PSE: MBT): PhP115, -4.25%
• DFNN Inc. (PSE: DFNN): PhP5.51, -4.17%
• Megaworld Corporation WARRANTS1 (PSE: MEGW1): PhP2.78, -4.14%
• Ayala Corp. (PSE: AC): PhP562, -4.1%