PSE Index A Tad Higher

The Philippine Stock Exchange (PSE) index rose a bit in another subdued trading today as investors remain cautious with the market in the absence of a firm grasp of the economic fundamentals, rising just by 9.46 points or 0.13 percent to 7,052.16 points.

Photo Insert: The Philippine Stock Exchange (PSE) Index, January 27, 2023

The market traded within a tight 40-point range with a high of 7,080.40 and a low of 7,043.60 with second-liners receiving extra attention as investors widened their interest in other shares.

Market bellwether SM Investments rose by just P2 to P944 with a high of P949 and a low of P940 with low trades as foreign investors' presence remained below average.

Financials went up by 0.57 percent, industrials rose 0.05 percent, holding firms by 0.41 percent, mining and oil by 0.74 percent, services lost 0.34 percent, and property went down by 0.007 percent.

Value turnover was below average at P5.65 billion while there were 105 gainers, 83 losers, and 59 shares unchanged.

GT Capital emerged most active stock with P485 million and was unchanged at P525 while BDO Unibank followed with P474 million and was also unchanged at P122. PLDT lost P48 to P1,454 with trades of P301 million.

Among the gainers were Bank of PI, which went up P1.50 to P110.10, ICTSI, up P2 to P213, Bloomberry, up 44 centavos to P9.40, Metrobank, up 25 centavos to P58.80, and Ayala Corp up P2 to P750.

The second-liners that went up were Xurpas, which went up by 24.14 percent to P0.36, a gain of P0.07, and Axelum Resources, which rose by 13.07 percent to P3.20, up by 37 centavos.

The losers included Figaro Coffee, down by 1 centavo to P0.93, ACEN Corp, down also 1 centavo to P7.39, SM Prime, down 20 centavos to P37.60, Converge, down 22 centavos to P18.36, and Metro Pacific, down 2 centavos to P4.28.

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