PSE Weekly Stock Market Update (Sept. 3-7)

The Philippine stock market closed lower last week, with most investors remaining cautious ahead of the expected Sandiganbayan verdict this week on former Pres. Joseph Estrada's plunder case and the US Federal Reserve policy meeting on September 18.

The main index closed at 3,332.97, down by almost 1% from the previous week.

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 : 3,332.97 ; -0.96% ; 11.75%
• All Shares Index : 2,117.26 ; -1.32% ; 13.81%
• Financial Sector : 879.59 ; 1.57% ; 6.90%
• Industrial Sector : 4,545.97 ; -4.66% ; 15.37%
• Holding Firms Sector : 1,832.90 ; -2.87% ; 5.87%
• Property Sector : 1,486.43 ; -3.39% ; 17.81%
• Services Sector : 1,609.22 ; 0.62% ; 7.93%
• Mining and Oil Sector : 6,216.96 ; 9.56% ; 37.31%

Here are this week's top 10 gainers and losers.

Top 10 Gainers

1. PHILIPPINE SEVEN CORPORATION (SEVN) – 4.30 ; 43.33%
2. MEDCO HOLDINGS, INC. (MED) – 0.43 ; 34.38%
3. MANILA MINING CORPORATION "B" (MAB) – 0.031 ; 29.17%
4. MANILA MINING CORPORATION "A" (MA) – 0.026 ; 23.81%
5. ABACUS CONS. RES. & HOLDINGS, INC. "B" (ABAB) – 0.012 ; 20.00%
6. LEPANTO CONSOLIDATED MINING COMPANY "B" (LCB) – 0.31 ; 9.23%
7. REPUBLIC GLASS HOLDINGS CORPORATION (REG) – 2.00 ; 17.65%
8. LEPANTO CONSOLIDATED MINING COMPANY "A" (LC) – 0.27 ; 17.39%
9. IPEOPLE, INC. (IPO) – 3.05 ; 17.31%
10. JARDINE DAVIES, INC. (JTH) – 20.25 ; 15.71%

Top 10 Losers

1. INFORMATION CAPITAL TECH. (ICTV) – 1.72 ; (25.22%)
2. BENPRES HOLDINGS CORP. (BPC) – 3.70 ; (15.91%)
3. PRIME MEDIA HOLDINGS, INC. (PRIM) – 0.80 ; (14.89%)
4. MANILA ELECTRIC COMPANY (MER) – 81.50 ; (12.96%)
5. PRIME ORION PHILIPPINES., INC. (POPI) – 0.38 ; (11.63%)
6. SOUTHEAST ASIA CEMENT HOLDINGS, INC. (CMT) – 1.14 ; (9.52%)
7. CYBER BAY CORPORATION (CYBR) – 0.43 ; (8.51%)
8. EEI CORPORATION (EEI) – 4.30 ; (8.51%)
9. CEBU HOLDINGS, INC. (CHI) – 3.60 ; (7.69%)
10. FILINVEST LAND, INC. (FLI) – 1.46 ; (7.59%)

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

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