PHStocks Week in Review: Steadfast

Manila—(PHStocks)—Philippine stocks displayed their resilience as they end this week on a new record high despite two consecutive days of declines amid investors’ profit taking. The Philippine Stock Exchange index (PSEi) closed the week at 6,139.21 – another milestone for the local bourse – up 1.1% from Thursday’s close of 6072.18, and up 1.45% from last week’s 6,051.75.

Interestingly, and a confidence-boosting thought at that, while last week marked the first time that PSEi breached the 6,000-point mark, this week elevated that level to 6,100. In particular, the mainboard PSEi hit 6,114.44 at midday trading last Monday, January 14, before closing at 6,093.9. Tuesday and Wednesday saw bloodshed in the market (See here and here) as investors cashed in on their gains, but Thursday’s recovery and Friday’s new record high marked the strength of the country’s macroeconomic fundamentals.

On a weekly basis, all counters except for the Industrial index – which slid by 0.15% – were up, led by the Mining and Oil sector, which surged by 4.48%. The Property index came in second with a 3.02% gain, while the Services index edged up by 2.92%.

Despite the continuing rains on a January, the horizon looks clear for the country’s quest toward that investment grade rating. It definitely is an aggressive ambition, but little by little, we are getting there. As we say, “Kahaba-haba man ng prusisyon, sa simbahan din ang tuloy”.

Below are the top performers for the week (gains are week-on-week):

• Zeus Holdings Inc. (PSE: ZHI): PhP0.67, +81.08%
• Primex Corporation(PSE: PRMX): PhP3.49, +28.78%
• Synergy Grid & Development Phils.  Inc. (PSE: SGP): PhP479.00, +27.73%
• Araneta Properties Inc. (PSE: ARA): PhP1.02, +27.5%
• Keppel Philippines Properties, Inc. (PSE: KEP): PhP2.85, +23.91%
• LMG Chemicals Corporation (PSE: LMG): PhP2.58, +22.86%
• Rockwell Land Corporation (PSE: ROCK): PhP3.29, +17.92%
• Lorenzo Shipping Corporation (PSE: LSC): PhP1.55, +14.81%
• Sta. Lucia Land Inc. (PSE: SLI): PhP0.78, +14.71%
• MJC Investments Corp. (PSE: MJIC): PhP7.05, +14.63%
• EasyCall Communications Philippines Inc. (PSE: ECP): PhP2.95, +11.32%
• Victorias Milling Company Inc. (PSE: VMC): PhP1.58, +11.27%
• Omico Corporation (PSE: OM): PhP0.62, +10.71%
• Globe Telecom Inc. (PSE: GLO): PhP1,187.00, +10.62%
• Apex Mining Company Inc. “A” (PSE: APX): PhP4.90, +9.87%
• Philex Mining Corporation (PSE: PX): PhP18.20, +8.85%
• Mabuhay Holdings Corporation (PSE: MHC): PhP0.50, +8.7%
• Lepanto Consolidated Mining Company “A” (PSE: LC): PhP1.18, +8.26%
• IPVG Corporation (PSE: IP): PhP0.68, +7.94%
• D&L Industries Inc. (PSE: DNL): PhP5.37, +7.83%
• Manila Mining Corporation “A” (PSE: MA): PhP0.07, +7.69%
• Philippine Realty & Holdings Corporation (PSE: RLT): PhP0.49, +7.69%
• Information Capital Technology Ventures Inc. (PSE: ICTV): PhP0.43, +7.5%
• Ayala Land Inc. (PSE: ALI): PhP27.75, +7.35%
• The Philodrill Corporation (PSE: OV): PhP0.044, +7.32%
• Atlas Consolidated Mining and Development Corporation (PSE: AT): PhP22.15, +7%
• Keppel Philippines Holdings Inc. “B” (PSE: KPHB): PhP5.35, +7%
• Apex Mining Company Inc. “B” (PSE: APXB): PhP4.80, +6.9%
• Pancake House Inc. (PSE: PCKH): PhP8.00, +6.1%
• Philippine Tobacco Flue-Curing & Redrying Corp. (PSE: TFC): PhP18.00, +5.76%

Below, meanwhile, are the top losers for the week:

• Imperial Resources Inc. “A” (PSE: IMP): PhP5.60, -26.32%
• Panasonic Manufacturing Philippines Corporation (PSE: PMPC): PhP4.50, -26.23%
• Mariwasa Siam Holdings Inc. (PSE: MMI): PhP5.00, -19.35%
• Highlands Prime Inc. (PSE: HP): PhP1.74, -13%
• MRC Allied Inc. (PSE: MRC): PhP0.113, -12.4%
• F & J Prince Holdings Corporation “A” (PSE: FJP): PhP2.90, -12.12%
• Manchester International Holdings Unlimited Corp. “A” (PSE: MIH): PhP13.76, -11.11%
• Keppel Philippines Holdings Inc. “A” (PSE: KPH): PhP4.30, -10.42%
• Manchester International Holdings Unlimited Corp. “B” (PSE: MIHB): PhP14.10, -9.62%
• Century Peak Metals Holdings Corporation (PSE: CPM): PhP1.04, -9.57%
• First Abacus Financial Holdings Corp. (PSE: FAF): PhP0.76, -9.52%
• Nihao Mineral Resources International Inc. (PSE: NI): PhP4.61, -9.07%
• Philippine Bank of Communications (PSE: PBC): PhP72.00, -8.86%
• Euro-Med Laboratories Philippines Inc. (PSE: EURO): PhP1.83, -8.5%
• ISM Communications Corporation (PSE: ISM): PhP2.20, -8.33%
• Maybank ATR Kim Eng Financial Corporation (PSE: MAKE): PhP23.85, -8.27%
• Liberty Telecoms Holdings Inc. (PSE: LIB): PhP2.40, -7.69%
• iRipple Inc. (PSE: RPL): PhP8.36, -7.01%
• Calata Corporation (PSE: CAL): PhP3.72, -7%
• Vulcan Industrial & Mining (PSE: VUL): PhP1.49, -6.88%
• Transpacific Broadband Group International Inc. (PSE: TBGI): PhP2.40, -5.88%
• Cebu Property Ventures & Development “B” (PSE: CPVB): PhP4.81, -5.69%
• Manulife Financial Corporation (PSE: MFC): PhP530.00, -5.36%
• United Paragon Mining Corporation (PSE: UPM): PhP0.018, -5.26%
• Vitarich Corporation (PSE: VITA): PhP0.95, -5%
• Ginebra San Miguel Inc. (PSE: GSMI): PhP16.70, -4.57%
• Crown Equities Inc. (PSE: CEI): PhP0.071, -4.05%
• Cebu Property Ventures & Development “A” (PSE: CPV): PhP4.90, -3.92%
• IP E-Game Ventures Inc. (PSE: EG): PhP0.025, -3.85%
• Ayala Corp. (PSE: AC): PhP529.00, -3.82%