PSE Weekly Stock Market Update (Sept. 24-28)
Window dressing for the 3rd quarter of 2007 and expectations of a rate cut by the Bangko Sentral ng Pilipinas this week pushed the Philippine Stock Exchange (PSE) up week-on-week by 4.36%.
The bourse closed last week at 3,572.90, with total year-to-date returns reaching almost 20%.
Week-to-week and Year-to-Date (YTD, i.e., beginning of the year until this week) performances of the Philippine equity sectors are as follows:
(Legend:) Market Sector : Week's Closing ; 1-Week Change ; YTD change
- PSEi : 3,572.90 ; 4.36% ; 19.79%
- All Shares Index : 2,226.71 ; 3.88% ; 19.69%
- Financial Sector : 908.52 ; 1.73% ; 10.41%
- Industrial Sector : 4,572.74 ; 1.34% ; 16.05%
- Holding Firms Sector : 2,033.04 ; 6.43% ; 17.43%
- Property Sector : 1,612.71 ; 7.63% ; 27.82%
- Services Sector : 1,740.49 ; 4.51% ; 16.73%
- Mining and Oil Sector : 7,372.10 ; 4.71% ; 62.82%
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Here are last week's top 10 gainers and losers.
Top 10 Gainers
- ACESITE (PHILS.) HOTEL CORPORATION (DHC) - 9.00 ; 76.47%
- ISM COMMUNICATIONS CORPORATION (ISM) - 0.05 ; 60.00%
- INFORMATION CAPITAL TECH. VENTURES, INC. (ICTV) - 3.00 ; 45.63%
- NIHAO MINERAL RESOURCES INT’L, INC. (NI) - 20.00 ; 42.86%
- ZEUS HOLDINGS, INC. (ZHI) - 0.720 ; 35.85%
- PREMIERE ENTERTAINMENT PRODUCTIONS, INC. (PEP) - 0.68 ; 28.30%
- SEAFRONT RESOURCES CORPORATION (SPM) - 1.40 ; 25.00%
- GEOGRACE RES. PHIL., INC. (GEO) - 2.36 ; 20.41%
- POLAR PROPERTY HOLDINGS CORPORATION (PO) - 4.80 ; 20.00%
- FILINVEST LAND, INC. (FLI) - 1.740 ; 19.18%
Top 10 Losers
- CENTRAL AZUCARERA DE TARLAC (CAT) - 2.24 ; (38.63%)
- MABUHAY HOLDINGS CORPORATION (MHC) - 0.55 ; (25.68%)
- GOTESCO LAND, INC. "A" (GO) - 0.26 ; (13.33%)
- MRC ALLIED INDUSTRIES, INC. (MRC) - 0.58 ; (9.38%)
- MANILA BULLETIN PUBLISHING CORPORATION (MB) - 0.92 ; (8.00%)
- ABACUS CONS. RES. & HOLDINGS, INC. "B" (ABAB) - 0.012 ; (7.69%)
- SHANG PROPERTIES, INC. (SHNG) - 2.36 ; (7.45%)
- ABOITIZ TRANSPORT SYSTEM CORPORATION (ATS) - 1.40 ; (6.67%)
- FIRST ABACUS FINANCIAL HOLDINGS CORP. (FAF) - 0.88 ; (6.38%)
- KEPPEL PHILIPPINES. PROPERTIES, INC. (KEP) - 1.50 ; (6.25%)
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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