PSE Weekly Stock Market Update (Aug. 21-24)
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.
Top 10 Gainers
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- NIHAO MINERAL RESOURCES INT’L, INC. (NI) - 11.50 ; 57.53%
- MULTITECH INVESTMENTS CORPORATION (MIC) - 4.80 ; 57.38%
- PREMIERE ENTERTAINMENT PRODUCTIONS, INC. (PEP) - 0.58 ; 52.63%
- GEOGRACE RES. PHIL., INC. (GEO) - 1.56 ; 47.17%
- MABUHAY HOLDINGS CORPORATION (MHC) - 0.74 ; 42.31%
- EEI CORPORATION (EEI) - 3.95 ; 38.60%
- VITARICH CORPORATION (VITA) - 0.36 ; 38.46%
- EVER-GOTESCO RESOURCES & HOLDINGS, INC. (EVER) - 0.22 ; 37.50%
- A. BROWN COMPANY, INC. (BRN) - 1.36 ; 36.00%
- MRC ALLIED INDUSTRIES, INC. (MRC) - 0.62 ; 34.78%
Top 10 Losers
- CITYLAND DEVELOPMENT CORPORATION (CDC) - 2.00 ; (16.67%)
- FILIFINO FUND, INC. (FFI) - 6.90 ; (5.48%)
- INFORMATION CAPITAL TECH. (ICTV) - 2.18 ; (5.22%)
- FILINVEST DEVELOPMENT CORPORATION (FDC) - 5.50 ; (5.17%)
- PANCAKE HOUSE, INC. (PCKH) - 8.00 ; (4.76%)
- CEBU PROPERTY VENTURE & DEV’T CORP. "A" (CPV) - 1.70 ; (4.49%)
- CEBU PROPERTY VENTURE & DEV’T CORP. "B" (CPVB) - 1.72 ; (4.44%)
- EAST ASIA POWER RESOURCES CORPORATION (PWR) - 0.27 ; (3.57%)
- ALSONS CONSOLIDATED RESOURCES, INC. (ACR) - 0.720 ; (2.70%)
- GINEBRA SAN MIGUEL, INC. (GSMI) - 24.00 ; (2.04%)
Legend: STOCK NAME (CODE) - Last Traded Price ; 1-Week % Change
Discuss the Philippine Stock Exchange and stock trading in general in PMT's Stock Trading Discussion Forum.
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