PHILIPPINES – The Philippine Stock Exchange index (PSEi) closed lower Friday, losing 154.66 points to end the week at 7,553.76. Thirty stocks, however, closed the week higher, with four of them gaining by double digits.
Philippine Trust Company (PSE:PTC), one of the oldest private universal banks in the Philippines, was the top price gainer, with 23.36% for the period 12-16 September.
There was no major company announcement that can be attributed to the double-digit gains of PTC’s stock.
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DFNN Inc (PSE:DFNN) was the second top gainer with a 21.82% gain for the entire week, sending its 4-week comparative price change to 32.41%.
Philippine H20 Ventures Corporation (PSE:H2O) gained 14.29% this week to become the third price gainer in the PSE’s weekly MarketWatch, resulting to a 4-week change of 8.86%.
Vitarich Corporation (PSE:VITA) also gained by double-digit this week, ending the trading day on Friday at P2.63 a share. VITA gained 12.88% this week and 17.41% for the four-week period.
Media firm Manila Broadcasting Company (PSE:MBC) gained 8.97% this week to settle at P21.25 a share. However, the company’s four-week price change was still in the red with a -0.93 change.
Mabuhay Holdings Corporation (PSE:MHC)’s stock gained 8.89% this week, closing at P0.490 a share on Friday. Its four-week price change was 5.38%.
Joining the top 10 gainers were Filinvest Development Corporation (PSE:FDC), which posted a 1-week change of 6.90%; Petron Corporation (PSE:PCOR) with a 6.25% weekly gain; Mabuhay Vinyl Corporation (PSE:MVC), with 5.95%. AgriNurture Inc (PSE:ANI) posted a 5.79% gain this week.
Philippine Stock Exchange Weekly Losers
Alliance Select Food International (PSE:FOOD)’s stock emerged as the top price loser this week after shedding 23.70% off its share price. The stock ended Friday’s trading at P1.03 apiece.
Alterra Capital Partners (PSE:ALT) took the second spot with a weekly decline of 21.76% and a four-month change of -32.63%.
Apex Mining Company (PSE:APX) lost 10.67% to end the week at P2.68 a share while Century Properties Group Inc (PSE:CPG)’s stock declined by 10.67% this week.
Benguet Corporation “B” (PSE:BCB) dropped by 9.17% this week to settle at P2.18 a share. – BusinessNewsAsia.com