TOP REPORTS: AEV, MA, DHC

24 February 2010, Philippine Time

Indices

A day before EDSA People Power Day, and the PSE Index reached a low of 3,721,22, its lowest so far since 8 October 2007, with 110 issues declined, and only 22 advanced (23 unchanged). It closed at its lowest still at 3,730.70, with 102 declines, 40 advances, and 28 unchaged. HDG and M-O Indices stayed green while the rest turned red.

Most Active

Two Aboitiz companies topped today's turnover list. Aboitiz Equity Ventures (AEV) logged P252.88 million at 11:31 AM, while Aboitiz Power Corporation (APC) followed at P150.35 million. AEV opened at P37.50, and thereafter kept rising as buyers dominated the market at P39.00. Its HIGH however has not pierced its January 6 level. Blocking the downside at P38.95 more than 400,000 shares in purchase orders. P39.00 got fully sold at 11:37:19 and sellers at ASK 39.05 have 25,000 shares available for disposal, and were getting sold. AEV closed with P348.9 million value turned over, while APC at P224.27 million.

Top Gainer

Oriental Petroleum and Minerals, Common A (OPM) topped the list with a gain of 7.69%. The Philodrill, Common A (OV) followed with 7.14%. OPM activities had been confined within the P0.014 seller's price up to this very hour, withi P78.5 million shares still available for buyers. At closing, Manila Mining (MA) took the topmost at 9.38% gain as OPM slid to second place.

Worst Loser

Acesite (Phils.) Hotel (DHC) took a market hit today at -27.55%. Wellex Industries (WIN) followed with a loss of 14.44%. It was thin trading with only three transactions for DHC, going 2.15/2.69. The market closed with out any change in both.