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  • By The Financial District

PSE Index Declines

The Philippine Stock Exchange (PSE) index today declined in another sell-down on fears of higher US Fed rates closing down with a 74.11 - point loss to 6,167.57 points, down by 1.19 percent.

Photo Insert: The Philippine Stock Exchange (PSE) Index, November 10, 2022

The sub-indices were split in their trading performance but the big loss in holding firms weighed on the index which had a fleeting moment at the start hitting a high of 6,248.91 points before the sell-down that saw the index crumble to 6,158.26 points before nosing up a bit.

Market bellwether SM Investments lost a hefty 5.29 percent to P787, down by P44 on trades of P391.9 million, the second most active after SM Prime, which had trades of P415.8 million as it posted a gain of 60 centavos to P33.90.

BDO Unibank was the third most traded with P355 million as it added 80 centavos to close at P132.80.

Mining and oil was up by 1.16 percent, property by 1.31 percent, and services by 0.33 percent while holding firms lost 3.50 percent, Financials by 0.99 percent, and industrials by 0.60 percent.

All the news: Business man in suit and tie smiling and reading a newspaper near the financial district.

Value turnover amounted to p4. 6 billion while there were 66 gainers, 106 losers, and 44 shares unchanged.

Among the gainers were Semirara Mining up 25 centavos to P29.75, Ayala Land, up 10 centavos to P26.15, Converge, up 90 centavos to P12, PLDT, up p16 to P1,536, Emperador up 30 centavos to P20.10, Puregold, up 65 centavos to P33. 25, ACEN Corp up 8 centavos to P6.28, and Alliance Global up 12 centavos to P9.10.

Jollibee Foods was unchanged at P233.

Market & economy: Market economist in suit and tie reading reports and analysing charts in the office located in the financial district.

The losers in the Top 20 stocks were ICTSI, down P3.30 to P176.70, GT Capital, down P20 to P380, Bank of PI, down P3.20 to P91.60, Universal Robina, down P4 to P121, Ayala Corp, down P10 to P659, Globe Telecom, down P6 to P2,292, and Aboitiz Power down 20 centavos to P32.90.

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