By The Financial District
Jan 13, 20231 min
The Philippine Stock Exchange (PSE) index today surged to a bullish run piercing its resistance level and closing more than 100 points further to 6,951.54 points, up by a hefty 118.01 points or 1.73 percent.
Photo Insert: The Philippine Stock Exchange (PSE) Index, January 13, 2023
Financials posted the biggest gain of 4.44 percent, industrials went up by 2.77 percent, holding firms up 0.47 percent, services up by 1.24 percent, mining and oil by 0.81 percent, and property by 0.12 percent.
Ayala Land was the most active stock with P706 million and it closed unchanged at P31. Market bellwether SM Investments came in second with P622 million as it gained by P4 to P908 with a high of P913.
BDO Unibank powered the financials' charge with a 4.39 percent rise to P119, an increase of P5 in trades of P614 million. Bank of PI rose by 6.69 percent closing P6.90 higher to P110 while Union Bank rose by P3.60 to P87.50, and Metrobank was up by P1.65 to P59.
ICTSI went up by P5 to P208, Jollibee Foods by P3 to P245, Monde, by 44 centavos to P13.82, Aboitiz Power, by P1.90 to P38, PLDT, by P7 to P1,412, Globe Telecom. by P38 to P2,098, Converge, by 70 centavos to P19.70, ACEN Corp, by 15 centavos to P7. 10, Emperador by 15 centavos to P20.30, and Metro Pacific by 16 centavos to P3.95.
Value turnover was 50 percent higher than average at p9. 24 billion with 126 gainers, 64 losers, and 46 shares unchanged.