(Oct. 15-19 Stocks Update) PSEi lower due to US concerns, rising oil prices

The Philippine stock market lost its early momentum last week and closed 0.12% lower at 3,819.75 following the growing uneasiness over the US economy and rising oil prices.

On Monday, October 15, investors snapped up stocks after returning from a 3-day weekend, with the composite index (PSEi) finishing at 3,861.38, nearly 1% higher from the previous week’s close.

Investor sentiment dampened during the week, however, as oil prices became volatile and concerns over the US economy continued.

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 : 3,819.75 ; -0.12% ; 28.07%
  • All Shares Index : 2,388.18 ; -0.21% ; 28.37%
  • Financial Sector : 966.81 ; -2.22% ; 17.50%
  • Industrial Sector : 4,746.99 ; -0.94% ; 20.47%
  • Holding Firms Sector : 2,143.05 ; -2.05% ; 23.78%
  • Property Sector : 1,774.01 ; 2.58% ; 38.14%
  • Services Sector : 1,879.82 ; 1.03% ; 26.08%
  • Mining and Oil Sector : 8,203.46 ; 7.08% ; 81.18%

Here are last week’s top 10 gainers and losers.

Top 10 Gainers

  1. CENTRAL AZUCARERA DE TARLAC (CAT) – 3.30 ; 47.32%
  2. NIHAO MINERAL RESOURCES INT’L, INC. (NI) – 26.00 ; 22.35%
  3. PAXYS, INC. (PAX) – 13.00 ; 20.93%
  4. FEDERAL RES. INV. GROUP (FED) – 13.50 ; 20.00%
  5. CADP GROUP CORPORATION (CAC) – 1.80 ; 18.42%
  6. PHILEX MINING CORP.”A” (PX) – 9.50 ; 15.85%
  8. OMICO CORPORATION (OM) – 0.02 ; 15.38%
  9. KEPPEL PHILIPPINES HOLDINGS, INC. “A” (KPH) – 2.30 ; 15.00%
  10. ACESITE (PHILS.) HOTEL CORPORATION (DHC) – 10.25 ; 13.89%

Top 10 Losers

  1. GOTESCO LAND, INC. “B” (GOB) – 0.30 ; (21.05%)
  2. DIZON COPPER-SILVER MINES, INC. (DIZ) – 7.90 ; (19.39%)
  4. IMPERIAL RESOURCES, INC. “A” (IMP) – 14.50 ; (14.71%)
  5. GOTESCO LAND, INC. “A” (GO) – 0.30 ; (14.29%)
  8. PREMIERE ENTERTAINMENT PROD., INC. (PEP) – 0.64 ; (11.11%)
  9. PHILIPPINE NATIONAL BANK (PNB) – 50.00 ; (10.71%)

Legend: STOCK NAME (CODE) – Last Traded Price ; 1-Week % Change

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