PSE Index Closes Week Slightly Up

The Philippine Stock Exchange (PSE) index ended the week slightly higher, once again nearing its resistance level, closing at 6,686.09 points, up by 12.59 points or 0.19 percent.

The Philippine Stock Exchange (PSE) Index, January 26, 2024

Value turnover was double the average at ₱13.58 billion in trading, marked by significant block sales of SPNEC and Ayala REIT, which saw over ₱6 billion in special block sales at ₱31.10, 90 centavos lower than its closing price of ₱32.

Financials, holding firms, and mining and oil sectors rose by 1.14 percent, 0.68 percent, and 0.49 percent, respectively. However, industrial stocks declined by 0.61 percent, while property and services sectors lost 0.30 percent and 1.16 percent, respectively.

Foreign buying amounted to ₱3.32 billion, while foreign selling reached ₱2.62 billion, resulting in net foreign buying of ₱696 million. Market bellwether SM Investments saw gains, along with BDO Unibank, PNB, Bank of PI, Jollibee Foods, Fruitas Holdings, PLDT, Axelum, Metrobank, and Aboitiz Power.

Among the losers were ICTSI, Globe Telecom, Merakco, Bloomberry, Ayala Corp, Security Bank, Monde Nissin, DMC Holdings, San Miguel, and Globe Telecom.

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