PSE Index Closes A Tad Higher

The Philippine Stock Exchange (PSE) index closed slightly higher today, with the property sub-index leading the charge, resulting in a 37.08-point or 0.56 percent rise to 6,650.44 points.

The Philippine Stock Exchange (PSE) Index, August 13, 2024

Property giants Ayala Land and SM Prime both gained 70 centavos each, closing higher by 2.33 percent to P30.80 and 2.41 percent to P29.70, respectively.

The property sector rose by 1.69 percent, significantly contributing to the index's increase. The industrial sector gained 0.56 percent, holding firms were up by 0.44 percent, and services rose by 0.37 percent.

On the downside, financials declined by 0.18 percent, with BDO Unibank dropping by 60 centavos to P139.

The mining and oil sector also lost 1.09 percent. Value turnover decreased by 16 percent to P4.97 billion, with foreign trades accounting for P3.52 billion. Foreign buying outpaced foreign selling by P121 million, with PLDT leading the rise in services due to a P50 cash dividend declaration.

Other notable gainers included DigiPlus, following its disclosure of higher profits. Market bellwether SM Investments was among the 81 gainers. In contrast, there were 100 losers, and 64 shares remained unchanged.

Among the losers were Universal Robina, JG Summit, Roxas and Co, Metrobank, PNB, Security Bank, Union Bank, Shell Pilipinas, AgriNurture, Shakey's Pizza, Greenergy Holdings, Abacore, Alliance Global, Nickel Asia, OceanaGold, San Miguel, LT Group, DMCI Holdings, AREIT, Robinsons Land, Cebu Air, PAL, Belle Corp, Bloomberry, Puregold, SSI Group, and Enex Energy.

On the other hand, the gainers included ICTSI, Meralco, GT Capital, MacroAsia, Bank of the Philippine Islands, Megawide, DoubleDragon, ACEN Corp, Alternergy, Aboitiz Power, Manila Water, Semirara Mining, SPNEC, and Converge.

Shares that remained unchanged were Citicore REIT, First Gen, Monde Nissin, Ayala Corp, Aboitiz Equity, Synergy Grid, Axelum, Cebu Landmasters, Megaworld, Wilcon Depot, and Haus Talk.