PSE Weekly Stock Market Update (Sept. 24-28)

Window dressing for the 3rd quarter of 2007 and expectations of a rate cut by the Bangko Sentral ng Pilipinas this week pushed the Philippine Stock Exchange (PSE) up week-on-week by 4.36%.

The bourse closed last week at 3,572.90, with total year-to-date returns reaching almost 20%.

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 : 3,572.90 ; 4.36% ; 19.79%
• All Shares Index : 2,226.71 ;  3.88% ; 19.69%
• Financial Sector : 908.52 ; 1.73% ; 10.41%
• Industrial Sector : 4,572.74 ; 1.34% ; 16.05%
• Holding Firms Sector : 2,033.04 ; 6.43% ; 17.43%
• Property Sector : 1,612.71 ; 7.63% ; 27.82%
• Services Sector : 1,740.49 ; 4.51% ; 16.73%
• Mining and Oil Sector : 7,372.10 ; 4.71% ; 62.82%

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

Top 10 Gainers

1. ACESITE (PHILS.) HOTEL CORPORATION (DHC) – 9.00 ; 76.47%
2. ISM COMMUNICATIONS CORPORATION (ISM) – 0.05 ; 60.00%
3. INFORMATION CAPITAL TECH. VENTURES, INC. (ICTV) – 3.00 ; 45.63%
4. NIHAO MINERAL RESOURCES INT’L, INC. (NI) – 20.00 ; 42.86%
5. ZEUS HOLDINGS, INC. (ZHI) – 0.720 ; 35.85%
6. PREMIERE ENTERTAINMENT PRODUCTIONS, INC. (PEP) – 0.68 ; 28.30%
7. SEAFRONT RESOURCES CORPORATION (SPM) – 1.40 ; 25.00%
8. GEOGRACE RES. PHIL., INC. (GEO) – 2.36 ; 20.41%
9. POLAR PROPERTY HOLDINGS CORPORATION (PO) – 4.80 ; 20.00%
10. FILINVEST LAND, INC. (FLI) – 1.740 ; 19.18%

Top 10 Losers

1. CENTRAL AZUCARERA DE TARLAC (CAT) – 2.24 ; (38.63%)
2. MABUHAY HOLDINGS CORPORATION (MHC) – 0.55 ; (25.68%)
3. GOTESCO LAND, INC. "A" (GO) – 0.26 ; (13.33%)
4. MRC ALLIED INDUSTRIES, INC. (MRC) – 0.58 ; (9.38%)
5. MANILA BULLETIN PUBLISHING CORPORATION (MB) – 0.92 ; (8.00%)
6. ABACUS CONS. RES. & HOLDINGS, INC. "B" (ABAB) – 0.012 ; (7.69%)
7. SHANG PROPERTIES, INC. (SHNG) – 2.36 ; (7.45%)
8. ABOITIZ TRANSPORT SYSTEM CORPORATION (ATS) – 1.40 ; (6.67%)
9. FIRST ABACUS FINANCIAL HOLDINGS CORP. (FAF) – 0.88 ; (6.38%)
10. KEPPEL PHILIPPINES. PROPERTIES, INC. (KEP) – 1.50 ; (6.25%)

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.