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

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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%
  7. KEPPEL PHILIPPINES HOLDINGS, INC. “B” (KPHB) – 2.20 ; 15.79%
  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%)
  3. JOLLIVILLE HOLDINGS CORPORATION (JOH) – 1.92 ; (15.79%)
  4. IMPERIAL RESOURCES, INC. “A” (IMP) – 14.50 ; (14.71%)
  5. GOTESCO LAND, INC. “A” (GO) – 0.30 ; (14.29%)
  6. SOUTHEAST ASIA CEMENT HOLDINGS, INC. (CMT) – 1.14 ; (13.64%)
  7. PHILIPPINE REALTY & HOLDINGS CORPORATION (RLT) – 0.53 ; (11.67%)
  8. PREMIERE ENTERTAINMENT PROD., INC. (PEP) – 0.64 ; (11.11%)
  9. PHILIPPINE NATIONAL BANK (PNB) – 50.00 ; (10.71%)
  10. ISM COMMUNICATIONS CORPORATION (ISM) – 0.043 ; (10.42%)

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.

About the Author

James Ryan Jonas teaches business strategy, investments, and entrepreneurship at the University of the Philippines (UP). He is also the Executive Director of UP Provident Fund Inc., managing and investing P3.1 Billion ($56 Million) worth of retirement funds on behalf of thousands of UP employees.

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