PSE Index Down Anew

The Philippine Stock Exchange index today declined some more in volatile trade that saw it scouring new depths before nosing up, again on bargain hunting, to close at 7,253.61 points, down by 34.60 points or 0.47 percent.

Photo Insert: The Philippine Stock Exchange (PSE) Index, January 26, 2022

New IPO Figaro rose some more adding 14 centavos to close at p0. 92 with trades of p441 million, the second most active stock after Solar Philippines, which again rose by 5 centavos to p2.07 on trades of p491 million. Market bellwether SM Investments was again unchanged at p950 on trades of p357 million.

Vista Malls was the second-biggest gainer after Figaro with a 17.88 percent rise to p12.76 on news of its owner getting the ABS-CBN franchise, while the TV firm was the biggest loser with a 10.14 percent decline to p12.76, down by p1.44 percent.

Only the mining and oil sector gained, with a 1.11 percent rise while all other sub-indices posted losses.

Financials dropped by 1.01 percent as BDO Unibank went down by p2.60 to p124.60 Metrobank by 25 centavos to p56 and Security Bank by p2.60 to p105.

There were 78 gainers, 102 losers, and 60 shares unchanged with value turnover at above-average p6.414 billion. Trading in the market remained choppy with the index hitting a low of 7,210.21 after opening 63 points higher before clambering slowly on bargain hunting.

Among the gainers were Converge, up 45 centavos to p31.45, SM Prime, up 15 centavos to p35.20, and Bank of PI, up 10 centavos to p95 while among the losers were PLDT, down by p46 to p1,840, Jollibee down 80 centavos to p232, and Monde, down 6 centavos to p16.74.

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