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.