The PSE Index – 20 February 2012
The PSE index made a new record high of 4,943.84, adding 63.13 points or +1.30%.
A total of 13,352,691,362 shares changed hands with a turnover value of Php 10,576,365,616.99. Advancers won against decliners, 105 to 63, another 41 stocks unchanged.
Index Advancers are ALI 21.50 +4.88%, SMPH 17.50 +8.02%, AEV 46.90 +4.22%, BDO 67.75 +5.37% while Index Decliners are TEL 2,826 -1.12%, SMC 115 -1.20%,AGI 10.60 -1.49%,SM 647 -0.46%.
Index to Break the 5,000 Barrier?
The Index needs a few more points to hit the 5,000 psychological resistance. Hopefully, it will be breached before the end of February.
Mining and Oil Sector
Oil stocks are still the favourite of investors as you may have noticed Philodrill or OV, OPM, PXP and BSC going up while Mining stocks are on the sidelines. LC/LCB on the other hand gained +5.92% and +3.49% today, we might expect MA/B, PX, ZHI to follow.