The Philippine stock market recovered from the previous week's slump, closing at 3,206.94, a one-week increase of 11.18%. The recovery was attributed to an easing of the US credit market worries and the reduction of the key discount rate by the Federal Reserve.
The Year-to-Date (YTD, i.e., beginning of the year until this week) performance of the Philippine equity sectors is as follows:
- PSEi : 3,206.94 ; 7.52%
- All Shares Index : 2,052.44 ; 10.33%
- Financial Sector : 857.64 ; 4.23%
- Industrial Sector : 4,473.00 ; 13.51%
- Holding Firms Sector : 1,768.68 ; 2.16%
- Property Sector : 1,464.18 ; 16.05%
- Services Sector : 1,533.21 ; 2.83%
- Mining and Oil Sector : 5,329.38 ; 17.71%
Legend: Market Sector : Week's Closing ; YTD change
Here are this week's top 10 gainers and losers.