PSEI UPDATE 02.11.15

02.11.15 T
source Techistock.net

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Bellweather index breaches 7,800 then retreats

The Philippine benchmark index (7,723.14, -0.76%) tested the 7,800- level in the first minutes of trade before succumbing to profit taking for the rest of the trading session. Around 1.62 billion shares worth P9.5 billion changed hands today, with value turnover getting a boost from the overnight equity placement by MPI (4.97, -5.15%) which was consummated through several block sales. Almost all the counters retreated, with the mining and oil sector (16,085.24, -1.80%) posting the biggest percentage decline due to the extended weakness of SCC (155.20, -2.94%). The industrial index (12,894.52, -1.33%) dropped considerably as well, as URC (216.20, -3.48%) succumbed to profit taking after its strong run-up yesterday. Apart from Metro Pacific, the holding companies index (6,804.93, – 0.90%) was pulled lower by SM (912.00, -1.41%), JGS (65.00, – 1.52%), and AC (719.00, -1.24%). The property sector (2,957.26, -0.96%) was pulled lower mainly by ALI (35.50, -1.53%), while the financial index (1,776.25, -0.37%), was weighed down by SECB (155.00, -2.70%), BPI (97.55, -0.46%), and MBT (94.00, -0.58%). The service sector (2,196.14, +0.35%) was the only bright spot among the counters today, buoyed by a new 52-week high from RRHI (84.00, +1.20%) as well as the slight rebound of gaming firms BLOOM (10.60, +2.71%), MCP (9.80, +1.03%), and RWM (6.83, +0.44%) which were heavily sold down yesterday following recent updates of the Chinese government’s crackdown on gambling.

source Techistock.net

PSEi up for fifth day in a row 10/07/13

The local benchmark index (6,443.21, +0.83%) rose for the fifth consecutive session, taking its cue from the gains of the major US markets last Friday. Around 1.39 billion shares worth P6.07 billion changed hands today, with gainers outnumbering the losers 90 to 51. Five of the six sub-indices advanced today, with the holding companies sector (5,803.51, +1.86%) outpacing its peers mainly due to index-heavy SM (837.00, +3.65%) and AC (615.00, +1.49%). Lucio Co-led COSCO (10.68, +6.59%), which cornered a sizable chunk of today’s total trades, also pitched in. The industrial sector (9,360.24, +0.53%) made a rebound today on the back of gains from URC (118.60, +1.37%), MER (299.20, +1.01%), JFC (175.20, +0.23%), SMC (76.30, +1.73%), AP (34.20, +0.88%), and FGEN (16.26, +0.62%), while BDO (77.45, +0.58%), MBT (85.75, +0.18%), BPI (100.90, +0.60%), and SECB (140.00, +0.72%) lifted the financial index (1,588.80, +0.45%). ALI (28.80, +1.05%), SMPH (16.66, +2.08%), and BEL (5.16, +3.20%) led the ascent of the property sector (2,475.93, +1.23%), while PX (8.34, +2.21%), LC (0.44, +2.33%), and LCB (0.4550, +2.25%) pulled the mining and oil index (12,351.01, +0.49%) higher. Only the service sector (2,038.64, -0.48%) closed in the red today, weighed down by losses from TEL (3,000.00, -0.66%), ICT (101.40, -0.49%), and GLO (1,621.00, -1.76%). Grocery retailer PGOLD (46.00, +1.77%), however, managed to defy the downtrend in its sector and posted a new 52-week high for the third day in a row. Increased activity was also seen in EMP (9.24, +1.87%), whose change in corporate name from Trillionstars Holdings, Inc. to Emperador Inc. will take effect on the trading system today.