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
- 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.
Admiring the commitment you add in your site and detailed information you offer. It’s awesome to learn your blog post every now and then that isn’t same unwanted rehashed material. Great read! I’ve bookmarked internet site that i’m adding your For to my Google account.