Profit Taking Grips PH Stocks Anew
Manila—(PHStocks)—After reaching a new record high yesterday amid late surge in stock buying, in particular that of BDO Unibank Inc. (PSE: BDO) and SM Investments Corporation (SMIC, PSE: SM) shares, the Philippine Stock Exchange index (PSEi) succumbed to a new round of widespread profit-taking – shedding 1.18% or 79.18 to close the first trading day of March at 6,642.27.
All counters were down today, led by the Industrial sector, which lost 2.64%. The Mining and Oil segment retreated, ending its rally with a 1.37% decline, while the Holding Firms index shed 0.93%.
Trading continued to be heavy, with value turnover reaching PhP10.93 billion on 3.08 billion shares traded. There were 72 gainers against 93 losers, while 45 stocks remained flat.
Below are the biggest gainers for the day:
- Alphaland Corporation (PSE: ALPHA): PhP29.25, +50%
- Sta. Lucia Land Inc. (PSE: SLI): PhP1.19, +43.37%
- Bogo Medellin Milling Company Inc. (PSE: BMM): PhP60, +19.05%
- DFNN Inc. (PSE: DFNN): PhP5.60, +13.82%
- Nihao Mineral Resources International Inc. (PSE: NI): PhP3.92, +10.11%
- Forum Pacific Inc. (PSE: FPI): PhP0.239, +8.14%
- Philippine Savings Bank (PSE: PSB): PhP129, +7.95%
- GeoGrace Resources Philippines Inc. (PSE: GEO): PhP0.56, +7.69%
- Dizon Copper Silver Mines Inc. (PSE: DIZ): PhP12.90, +7.5%
- Lodestar Investment Holdings Corporation (PSE: LIHC): PhP0.93, +6.9%
The biggest decliners are as follows:
- Energy Development Corporation (PSE: EDC): PhP6.72, -11.35%
- Atok-Big Wedge Company Inc. “A” (PSE: AB): PhP19.6, -10.91%
- Zeus Holdings Inc. (PSE: ZHI): PhP0.50, -9.09%
- First Gen Corporation (PSE: FGEN): PhP24.20, -7.98%
- MacroAsia Corporation (PSE: MAC): PhP2.50, -7.41%
- First Philippine Holdings Corporation (PSE: FPH): PhP105.80, -6.95%
- Lopez Holdings Corporation (PSE: LPZ): PhP7, -6.67%
- BDO Unibank Inc. (PSE: BDO): PhP92.55, -6.52%
- ATN Holdings Inc. “A” (PSE: ATN): PhP0.92, -6.12%
- Manchester International Holdings Unlimited Corp. “B” (PSE: MIHB): PhP14.20, -5.21%
