PSE Weekly Stock Market Update (Aug. 13-17)

James Ryan Jonas

Due to lingering concerns in the US subprime market, the main index of the Philippine Stock Exchange (PSE) ended the week lower at 2,884.34, down by 13.96%.

Losers swamped gainers, 159 to 18. Eight shares were unchanged.

Average daily value turnover for the week was P5.008 billion.

The Year-to-Date (i.e., beginning of the year until this week) performance of the different sectors is as follows:

  • PSEi : 2,884.34 ; -3.29%
  • All Shares Index : 1,865.22 ; 0.26%
  • Financial Sector : 791.76 ; -3.78%
  • Industrial Sector : 3,951.80 ; 0.29%
  • Holding Firms Sector : 1,593.25 ; -7.97%
  • Property Sector : 1,310.93 ; 3.90%
  • Services Sector : 1,389.63 ; -6.80%
  • Mining and Oil Sector : 4,472.15 ; -1.23%

Legend: First number – Week's Closing ; Second number – YTD % change

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

Top 10 Gainers

  1. BANKARD, INC. (BKD) – 1.74 ; 40.32%
  2. ATN HOLDINGS, INC. "B" (ATNB) – 3.35 ; 34.00%
  3. ISLAND INFORMATION & TECHNOLOGY, INC. (IS) – 0.16 ; 33.33%
  4. ATN HOLDINGS, INC. "A" (ATN) – 2.85 ; 29.55%
  5. PANCAKE HOUSE, INC. (PCKH) – 8.40 ; 20.00%
  6. ARIES PRIME RESOURCES, INC. (APR) – 2.90 ; 18.85%
  7. CITYSTATE SAVINGS BANK, INC. (CSB) – 23.50 ; 16.05%
  8. ACESITE (PHILS.) HOTEL CORPORATION (DHC) – 9.90 ; 10.00%
  9. ATR KIMENG FINANCIAL CORPORATION (ATRK) – 3.80 ; 8.57%
  10. WATERFRONT PHILIPPINES, INC. (WPI) – 0.68 ; 4.62%

Top 10 Losers

  1. MULTITECH INVESTMENTS CORPORATION (MIC) – 3.05 ; (45.54%)
  2. GEOGRACE RES. PHIL., INC. (GEO) – 1.06 ; (40.45%)
  3. VITARICH CORPORATION (VITA) – 0.26 ; (39.53%)
  4. FEDERAL CHEMICALS, INC. (FED) – 9.00 ; (37.93%)
  5. NiHAO MINERAL RESOURCES INT'L, INC. (NI) – 7.30 ; (37.87%)
  6. ATOK BIG WEDGE COMPANY, INC. "A" (AB) – 5.80 ; (37.63%)
  7. KEPPEL PHILIPPINES. PROPERTIES, INC. (KEP) – 1.40 ; (37.50%)
  8. PHILIPPINE REALTY & HOLDINGS CORPORATION (RLT) – 0.34 ; (37.04%)
  9. EASYCALL COMM.UNICATIONS PHILIPPINES, INC. (ECP) – 4.00 ; (35.48%)
  10. CADP GROUP CORPORATION (CAC) – 1.42 ; (35.45%)

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

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James Ryan Jonas teaches business management, investments, and entrepreneurship at the University of the Philippines (UP). He is also the Executive Director of UP Provident Fund Inc., managing and investing P3.2 Billion ($56.4 Million) worth of retirement funds on behalf of thousands of UP employees.