PHStocks Week in Review: Strong Beginning

Manila—(PHStocks)—Philippine stocks ended the week and greeted the first trading day of February on a strong note, reaching another record high and cementing their level above 6,300. The mainboard Philippine Stock Exchange index (PSEi) went up by 2.45% to 6,318.61 week-on-week, on the back of the country’s strong economic performance in the fourth quarter of 2012.

The market performance was particular stellar this week, in that the PSEi was only at 6,192 on Monday, slightly up by 0.4% from the previous week’s close. PSEi breached 6,200 on Tuesday, closing at 6,234.73, and sustained its growth on Wednesday, posting a 0.59% increase from the previous day to 6,271.23.

Profit taking ensued on Thursday, but the optimism on the country’s economic outlook prevailed as stocks recovered on Friday.

Perhaps what added to this confidence in the market are comments from Dr. Nouriel Roubini – yes, the one who prophesied the collapse of the U.S. housing market – when he went to the country last week to speak at First Metro Investment Corp.’s (FMIC) Philippine Investment Summit. In his Twitter account, @Nouriel, he wrote: “The Philippines should get an upgrade to investment grade in 2013 as it(sic) economic, fiscal, financial & policy fundamentals are much improved.”

On a sectoral basis, all counters were on the green from last week, led by the Property index, which surged by 6.56%. The Industrials segment meanwhile achieved a 4.01% growth, while the Holding Firms sector gained 2.04%.

Below are the top 30 gainers for this week:

• Prime Media Holdings Inc. (PSE: PRIM): PhP1.95, +53.54%
• Trans-Asia Oil and Energy Development Corp. (PSE: TA): PhP1.78, +26.24%
• Primex Corporation (PSE: PRMX): PhP3.39, +22.38%
• iRipple Inc. (PSE: RPL): PhP9.40, +17.06%
• EEI Corporation (PSE: EEI): PhP12.58, +14.57%
• National Reinsurance Corporation of the Philippines (PSE: NRCP): PhP2, +14.29%
• Oriental Petroleum and Minerals Corporation “B” (PSE: OPMB): PhP0.024, +14.29%
• Bankard Inc. (PSE: BKD): PhP0.94, +13.25%
• Mabuhay Holdings Corporation (PSE: MHC): PhP0.54, +12.5%
• House of Investments Inc. (PSE: HI): PhP7.16, +12.23%
• Philippine Tobacco Flue-Curing & Redrying Corp. (PSE: TFC): PhP20, +11.11%
• Berjaya Philippines Inc. (PSE: BCOR): PhP31, +10.91%
• Ayala Land Inc. (PSE: ALI): PhP30.50, +9.91%
• APC Group Inc. (PSE: APC): PhP0.91, +9.64%
• IRC Properties Inc. (PSE: IRC): PhP1.26, +9.57%
• Oriental Petroleum and Minerals Corporation “A” (PSE: OPM): PhP0.023, +9.52%
• Alliance Global Group Inc. (PSE: AGI): PhP19.14, +9.5%
• First Gen Corporation (PSE: FGEN): PhP26.10, +9.43%
• Petron Corporation (PSE: PCOR): PhP11.44, +8.95%
• Filipino Fund Inc. (PSE: FFI): PhP11.68, +8.15%
• Philippine Seven Corporation (PSE: SEVN): PhP100.50, +8.06%
• Century Properties Group Inc. (PSE: CPG): PhP2.03, +7.98%
• Araneta Properties Inc. (PSE: ARA): PhP1.09, +7.92%
• First Abacus Financial Holdings Corp. (PSE: FAF): PhP0.82, +7.89%
• The Philippine Stock Exchange Inc. (PSE: PSE): PhP456, +7.8%
• 2GO Group Inc. (PSE: 2GO): PhP1.83, +7.65%
• Megaworld Corporation (PSE: MEG): PhP3.42, +7.55%
• Prime Orion Philippines Inc. (PSE: POPI): PhP0.72, +7.46%
• LT Group Inc. (PSE: LTG): PhP14, +7.36%
• Zeus Holdings Inc. (PSE: ZHI): PhP0.59, +7.27%

The following, meanwhile, are the top decliners:

• Lorenzo Shipping Corporation (PSE: LSC): PhP1.30, -16.13%
• MJC Investments Corp. (PSE: MJIC): PhP6.20, -11.43%
• Keppel Philippines Holdings Inc. “A” (PSE: KPH): PhP4.70, -11.32%
• LMG Chemicals Corporation (PSE: LMG): PhP2.47, -8.86%
• Nihao Mineral Resources International Inc. (PSE: NI): PhP3.85, -7.23%
• Euro-Med Laboratories Philippines Inc. (PSE: EURO): PhP1.80, -6.74%
• Seafront Resources Corporation (PSE: SPM): PhP2.10, -6.67%
• Manulife Financial Corporation (PSE: MFC): PhP520, -6.31%
• Mariwasa Siam Holdings Inc. (PSE: MMI): PhP5.17, -6%
• Agrinurture Inc. (PSE: ANI): PhP7.71, -4.46%
• Calapan Ventures Inc. (PSE: H2O): PhP4.11, -4.42%
• DFNN Inc. (PSE: DFNN): PhP4.50, -4.26%
• IP E-Game Ventures Inc. (PSE: EG): PhP0.023, -4.17%
• Apex Mining Company Inc. “B” (PSE: APXB): PhP4.60, -4.17%
• Republic Glass Holdings Corporation (PSE: REG): PhP2.60, -3.7%
• Starmalls Inc. (PSE: STR): PhP3.77, -3.33%
• F & J Prince Holdings Corporation “B” (PSE: FJPB): PhP3, -3.23%
• Coal Asia Holdings Incorporated (PSE: COAL): PhP0.94, -3.09%
• Jolliville Holdings Corporation (PSE: JOH): PhP7, -3.05%
• TKC Steel Corporation (PSE: T): PhP1.70, -2.86%
• Ginebra San Miguel Inc. (PSE: GSMI): PhP16.90, -2.76%
• Asian Terminals Inc. (PSE: ATI): PhP12.04, -2.75%
• Benguet Corporation “B” (PSE: BCB): PhP18.02, -2.59%
• Dizon Copper Silver Mines Inc. (PSE: DIZ): 15, -2.47%
• Security Bank Corporation (PSE: SECB): PhP171.40, -2.39%
• Vivant Corporation (PSE: VVT): PhP9.05, -2.16%
• Manila Jockey Club Inc. (PSE: MJC): PhP2.80, -2.1%
• Bank of the Philippine Islands (PSE: BPI): PhP102.80, -2.1%
• Unioil Resources & Holdings Company Inc. (PSE: UNI): PhP0.265, -1.85%
• Cebu Property Ventures & Development “A” (PSE: CPV): PhP4.81, -1.84%