87 days ago • Posted by William Ramstein

Philippine large caps fall, small caps gain

The PSEi tumbled 7.4% in January, the worst performance among global equity benchmarks. The slump in large caps pushed investors to take a chance on riskier small caps. Much of the explosion in volume has been concentrated in smaller stocks such as Abra Mining & Industrial Corp., the nation’s most actively traded stock this year, accounting for 81% of the market’s daily transactions. Its shares are up about 70% since the start of January, fueled by return-hungry retail traders and speculation over investor interest in its gold mines. Source: Bloomberg