PSE Index Begins Month Down

The Philippine Stock Exchange index today went down a bit as the August ghost month fears prevailed resulting in the loss of investor enthusiasm to close at 6,312.03 points, down by 3.90 points or 0.06 percent.

Photo Insert: The Philippine Stock Exchange (PSE) Index, August 1, 2022

Financials lost big with a 3.26 percent decline followed by services which lost 2.03 percent and mining and oil by 0.30 percent but the rise in holdings which went up by 1.36 percent, property by 1.06 percent, and industrials by 0.95 percent, tempered the drop in the index. The index actually flirted with a slight uptick but profit taking took a bite.

Value turnover remained below average at p5. 15 billion with 85 shares up, 92 down, and 55 shares unchanged.

Investors took profits with Semirara Mining, which had gone up to the p40s level losing 3.25 percent to P40.15 down by P1.35 with trades of P585 million to top the most active stocks.

ICTSI, which had also gone up, lost 5.03 percent or P10.30 to P183. 90 with P321 million to be second most active, followed by SM Prime with P311 million as it added 40 centavos to P37.

BDO Unibank lost P5.70, Bank of PI went down by P2.95 to P90.05, and Security Bank, which will be taken out of the PSE basket, dropped by 4.03 percent or P3.65 to P86.90. Market bellwether SM Investments was up by P4.50 to P780.

Jollibee was up by P4.20 to P205.40 while Meralco lost P12.80 to P327.20. PLDT lost a peso to P1,655, Globe went down by P42 to P2,020, and Converge declined by 8 centavos to P18.92.

Finally, Wilcon Depot went down by 15 centavos to P27.50 while ACEN rose by 13 centavos to P8.50.

WEEKLY FEATURE : MVP Group Keeps Lights On During Pandemic