PHStocks Week in Review: Steady, Consistent Growth
Manila—(PHStocks)—In just seven weeks, the Philippine capital market has grown from strength to strength. The Philippine Stock Exchange index (PSEi), in fact, has been achieving record upon record levels.
After reaching the 6,000 points last month, the blue-chip-stocks index went on to hit 6,500 this week, despite a series of profit taking, reflecting the continuing investor confidence in the macroeconomic fundamentals in the country.
The increase in infrastructure spending, the 6.8% GDP (gross domestic product) growth for the fourth quarter of 2012, the inflow of hot money, the growing remittances from overseas Filipino workers, and the steady, albeit slow, march to good governance are converging to paint a very strong economic outlook for the country.
This week, the PSEi reached 6,521.64, up by 0.97% from last week. On a four-week basis, the index was up by 6.23%. Meanwhile, the accident at Semirara Mining Corp.’s (PSE: SCC) coal site the previous day somehow pulled down the Mining and Oil sector’s index, which declined by 2.27% from last week. The Financials index, on the other hand, led the gainers by posting a 2.63% growth from last week. The All-Shares index likewise finished slightly up this week, gaining 0.91% from last week.
While unexpected challenges will continue to emerge, the resilience in Filipinos and the strong belief in a better economy will prevail, and the market, while at times may fluctuate as investors will definitely take advantage of stock prices’ growth, will definitely continue to make history.
Below are the top 30 gainers for the week:
- Coal Asia Holdings Incorporated (PSE: COAL): PhP1.10, +20.88%
- Central Azucarera De Tarlac (PSE: CAT): PhP15, +14.85%
- Liberty Telecoms Holdings Inc. (PSE: LIB): PhP2.75, +14.58%
- Transpacific Broadband Group International Inc. (PSE: TBGI): PhP2.32, +14.29%
- SM Development Corporation (PSE: SMDC): PhP7.96, +13.55%
- Manila Bulletin Publishing Corporation (PSE: MB): PhP0.98, +12.64%
- Makati Finance Corporation (PSE: MFIN): PhP2.50, +11.11%
- D&L Industries Inc. (PSE: DNL): PhP6.45, +8.95%
- Megaworld Corporation (PSE: MEG): PhP3.68, +8.88%
- Far Eastern University Inc. (PSE: FEU): PhP1,170, +8.33%
- China Banking Corporation (PSE: CHIB): PhP64.45, +8.32%
- City & Land Developers Inc. (PSE: LAND): PhP 2.58, +7.5%
- A. Soriano Corporation (PSE: ANS): PhP6.22, +7.24%
- Universal Robina Corporation (PSE: URC): PhP94.95, +7.17%
- Filinvest Development Corporation (PSE: FDC): PhP6.20, +6.9%
- San Miguel Pure Foods Company Inc. (PSE: PF): PhP303.20, +6.39%
- Asian Terminals Inc. (PSE: ATI): PhP15.30, +6.25%
- Filinvest Land Inc. (PSE: FLI): PhP1.90, +6.15%
- LT Group Inc. (PSE: LTG): PhP15.76, +6.06%
- Century Properties Group Inc. (PSE: CPG): PhP2.12, +6%
- Manulife Financial Corporation (PSE: MFC): PhP571, +5.74%
- GeoGrace Resources Philippines Inc. (PSE: GEO): PhP0.56, +5.66%
- United Paragon Mining Corporation (PSE: UPM): PhP0.019, +5.56%
- San Miguel Corporation (PSE: SMC): PhP124.70, +5.32%
- iPeople Inc. (PSE: IPO): PhP10, +5.26%
- Trans-Asia Oil and Energy Development Corp. (PSE: TA): PhP1.83, +5.17%
- ATN Holdings Inc. “A” (PSE: ATN): PhP1.05, +5%
- Roxas Holdings Inc. (PSE: ROX): PhP3.20, +4.92%
- Puregold Price Club Inc. (PSE: PGOLD): PhP37.75, +4.86%
- GT Capital Holdings Inc. (PSE: GTCAP): PhP750, +4.6%
Below are the top 30 decliners, on the other hand:
- Federal Resources Investment Group Inc. (PSE: FED): PhP9.90, -16.81%
- Minerales Industrias Corporation (PSE: MIC): PhP6.60, -12.93%
- Anchor Land Holdings Inc. (PSE: ALHI): PhP20, -12.66%
- Filipino Fund Inc. (PSE: FFI): PhP11.42, -12.15%
- Keppel Philippines Holdings Inc. “A” (PSE: KPH): PhP5.02, -11.93%
- Primex Corporation (PSE: PRMX): PhP3.10, -11.17%
- Imperial Resources Inc. “A” (PSE: IMP): PhP5.15, -10.43%
- Mariwasa Siam Holdings Inc. (PSE: MMI): PhP5.50, -9.84%
- Lorenzo Shipping Corporation (PSE: LSC): PhP1.41, -9.62%
- Berjaya Philippines Inc. (PSE: BCOR): PhP25.50, -8.93%
- MRC Allied Inc. (PSE: MRC): PhP0.12, -8.4%
- Mabuhay Holdings Corporation (PSE: MHC): PhP0.55, -8.33%
- Semirara Mining Corp. (PSE: SCC): PhP231.40, -8.25%
- Philippine Realty & Holdings Corporation (PSE: RLT): PhP0.47, -7.84%
- Euro-Med Laboratories Philippines Inc. (PSE: EURO): PhP1.85, -7.5%
- Philippine Bank of Communications (PSE: PBC): PhP73, -7.48%
- Omico Corporation (PSE: OM): PhP0.56, -6.67%
- Araneta Properties Inc. (PSE: ARA): PhP1.40, -6.04%
- 2GO Group Inc. (PSE: 2GO): PhP1.81, -5.73%
- Island Information and Technology Inc. (PSE: IS): PhP0.051, -5.56%
- Philex Petroleum Corporation (PSE: PXP): PhP32, -5.19%
- Greenergy Holdings Incorporated (PSE: GREEN): PhP0.019, -5%
- Keppel Philippines Properties, Inc. (PSE: KEP): PhP2.85, -5%
- Yehey! Corporation (PSE: YEHEY): PhP1.36, -4.9%
- ISM Communications Corporation (PSE: ISM): PhP2.17, -4.82%
- Philippine Estates Corporation (PSE: PHES): PhP0.60, -4.76%
- Dizon Copper Silver Mines Inc. (PSE: DIZ): PhP14.20, -4.7%
- DMCI Holdings Inc. (PSE: DMC): PhP52.30, -4.56%
- Waterfront Philippines Inc. (PSE: WPI): PhP0.435, -4.4%
- Crown Equities Inc. (PSE: CEI): PhP0.067, -4.29%