PSE Weekly Stock Market Update (Aug. 28-31)
The Philippine stock market continued its winning streak last week, boosted by growing expectations of an intervention in US capital markets by the Federal Reserve and the higher-than-expected GDP of the Philippines reported for the 2nd quarter.
The main index closed at 3,365.29, up by almost 5%.
The Year-to-Date (YTD, i.e., beginning of the year until this week) performance of the Philippine equity sectors is as follows:
- PSEi : 3,365.29 ; 12.83%
- All Shares Index : 2,145.62 ; 15.33%
- Financial Sector : 866.02 ; 5.25%
- Industrial Sector : 4,768.36 ; 21.01%
- Holding Firms Sector : 1,887.13 ; 9.00%
- Property Sector : 1,538.62 ; 21.95%
- Services Sector : 1,599.26 ; 7.26%
- Mining and Oil Sector : 5,674.49 ; 25.33%
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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- SOUTHEAST ASIA CEMENT HOLDINGS, INC. (CMT) - 1.26 ; 29.90%
- ALLIANCE GLOBAL GROUP, INC. (AGI) - 5.60 ; 24.44
- FIRST ABACUS FINANCIAL HOLDINGS CORP. (FAF) - 0.99 ; 23.75
- HOLCIM PHILIPPINES, INC. (HLCM) - 8.00 ; 21.21
- ORIENTAL PETROLEUM & MINERAL CORP. "B" (OPMB) - 0.02 ; 21.05
- ASIA AMALGAMATED HOLDINGS CORPORATION (AAA) - 0.60 ; 20.00
- GOTESCO LAND, INC. "B" (GOB) - 0.30 ; 20.00
- PAL HOLDINGS, INC (PAL) - 6.80 ; 19.30%
- EEI CORPORATION (EEI) - 4.70 ; 18.99%
- ORIENTAL PETROLEUM & MINERAL CORP. "A" (OPM) - 0.02 ; 16.67%
Top 10 Losers
- MEDCO HOLDINGS, INC. (MED) - 0.32 ; (23.81%)
- ACESITE (PHILS.) HOTEL CORPORATION (DHC) - 8.00 ; (19.19%)
- IMPERIAL RESOURCES, INC. "A" (IMP) - 14.50 ; (12.12%)
- BASIC PETROLEUM CORPORATION (BSC) - 0.34 ; (10.53%)
- APEX MINING COMPANY, INC. "B" (APXB) - 4.50 ; (10.00%)
- PCI LEASING & FINANCE, INC. (PCIL) - 1.80 ; (10.00%)
- ABACUS CONS. RES. & HOLDINGS, INC. "B" (ABAB) - 0.01 ; (9.09%)
- PREMIERE ENTERTAINMENT PROD., INC. (PEP) - 0.53 ; (8.62%)
- POLAR PROPERTY HOLDINGS CORPORATION (PO) - 3.600 ; (7.69%)
- FILIFINO FUND, INC. (FFI) - 6.50 ; (5.80%)
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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