PSE Index Back To 7,000 Points

The Philippine Stock Exchange index today clawed back to the 7,000 point milestone finishing at its best, 7,008.94 at the close, up by 52.34 points or 0.75 percent as it struggled all through trading after hovering below the psychological barrier at market recess and beyond.

Photo Insert: The Philippine Stock Exchange (PSE) Index, March 22, 2022

Still, the uncertainty remains with the value turnover at just a tad above the average at P6.67 billion with gainers lower than losers, 77 to 81 with 60 shares unchanged.

Save for the industrials and mining sub-indices which were in negative territory, down 0.58 percent and 0.39 percent respectively, the financials posted a rise of 2 percent, holding firms, by 0.11 percent, services by 1.32 percent, and property by 0.66 percent.

Market bellwether SM Investments led the gainers with a P2 gain to P882 with trades of P421 million, the third trading day it emerged as the most active stock. ICTSI followed with P419 million as it added P7.60 to P227.80 while Jollibee dropped P7 to P205 on trades of P399 million.

Meralco was again in the gain column adding P10.80 to P369.80 77, while telcos PLDT and Globe closed P2 higher to P1,732 and P44 to P2,388. Converge, however, was down by 60 centavos to P25.30 and Dito CME rose 12 centavos to P5.22 while Monde lost another 22 centavos to P13,48.

Among the gainers were BDO Unibank, up P4.30 to P7130.40, Bank of PI, up P1.25 to P99, and Metrobank, up P2.10 to P54.20. Ayala Land and SM Prime went up by 25 centavos to P34.95 and 20 centavos to P39.05.

The losers included Aboitiz Equity, down by 50 centavos to P57, Semirara Mining, down 65 centavos to P30.90, Universal Robina down P3.70 to P108.10. Ayala Corp was unchanged at P777.

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