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

1. SOUTHEAST ASIA CEMENT HOLDINGS, INC. (CMT) - 1.26 ; 29.90%
2. ALLIANCE GLOBAL GROUP, INC. (AGI) - 5.60 ; 24.44
3. FIRST ABACUS FINANCIAL HOLDINGS CORP. (FAF) - 0.99 ; 23.75
4. HOLCIM PHILIPPINES, INC. (HLCM) - 8.00 ; 21.21
5. ORIENTAL PETROLEUM & MINERAL CORP. "B" (OPMB) - 0.02 ; 21.05
6. ASIA AMALGAMATED HOLDINGS CORPORATION (AAA) - 0.60 ; 20.00
7. GOTESCO LAND, INC. "B" (GOB) - 0.30 ; 20.00
8. PAL HOLDINGS, INC (PAL) - 6.80 ; 19.30%
9. EEI CORPORATION (EEI) - 4.70 ; 18.99%
10. ORIENTAL PETROLEUM & MINERAL CORP. "A" (OPM) - 0.02 ; 16.67%

Top 10 Losers

1. MEDCO HOLDINGS, INC. (MED) - 0.32 ; (23.81%)
2. ACESITE (PHILS.) HOTEL CORPORATION (DHC) - 8.00 ; (19.19%)
3. IMPERIAL RESOURCES, INC. "A" (IMP) - 14.50 ; (12.12%)
4. BASIC PETROLEUM CORPORATION (BSC) - 0.34 ; (10.53%)
5. APEX MINING COMPANY, INC. "B" (APXB) - 4.50 ; (10.00%)
6. PCI LEASING & FINANCE, INC. (PCIL) - 1.80 ; (10.00%)
7. ABACUS CONS. RES. & HOLDINGS, INC. "B" (ABAB) - 0.01 ; (9.09%)
8. PREMIERE ENTERTAINMENT PROD., INC. (PEP) - 0.53 ; (8.62%)
9. POLAR PROPERTY HOLDINGS CORPORATION (PO) - 3.600 ; (7.69%)
10. 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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