PSE DOWN A BIT

The Philippine Stock Exchange (PSE) index today went down a bit with all counters down save for the holding firms in heavy trade indicating a possible upturn next week absent any bad economic news from abroad.

Value turnover was heavy at P13.4 billion but it means that the market was able to absorb the sell down which began at the start of trading but resulting in a negligible decline of 33.38 points or 0.53 % to close at 6,315.07 points .


There were 89 gainers , 101 losers and 54 shares unchanged with the holding firms sector being boosted by the rise in Aboitiz Equity which went up by P3 to P50 and Metro Pacific rising by 20 centavos to P3.79. Alsons Consolidated was the day’s top gainer with a 35 centavos increase to P1.37,


Merry Mart recouped its losses yesterday though it opened lower at P2.56 and dropped to as low as P2.42 before nosing up and going to a high of P3.10 and settled at P2.95 , up 20 centavos to P2.95 but was one of the most active stocks again with value turnover of over P800 million.


Among the gainers were East West Bank,Bloomberry Resorts, Axelum and Greenenergy Holdings while among the losers were Union Bank, Top Frontier, RCBC, an Eagle Cement.

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