PSE Index Closes Week Still Down

The Philippine Stock Exchange (PSE) index today went down to a new milestone level and stayed there without the recovery that attended its previous trading sessions,

Photo Insert: The Philippine Stock Exchange (PSE) Index, June 23, 2023

The Top 3 traded stocks posted losses to finish at 6,393.55 points, down by 11.36 points or 0.18 percent.

Value turnover was almost half of the average at P3.3 billion with gainers, mostly second and third liners, numbering 103 shares against 89 losers and 41 shares unchanged. Market bellwether SM Investments topped trades with P319 million as it went down by 50 centavos to P909.50, while BDO Unibank traded P287 million as it closed 80 centavos down to P140.

Third-ranked was JG Summit with P247 million as it lost P2.10 to P43.

Holding firms led the losers with a 0.43 percent decline followed by industrials, down by 0.37 percent, and financials, down by 0.15 percent. Services gained 0.25 percent, mining and oil rose by 0.78 percent, and property, up by 0.59 percent.

There were only 8 issues that gained among the Top 20 active issues.

Ayala Land went up by 70 centavos on the company's buyback program, Greenergy Holdings rose 7 centavos to P1.45, GT Capital went up by P13 to P503, Globe Telecom, up by P9 to P1,715, AgriNurture, up by 18 centavos to P7.13, Jollibee Foods, up by P1.20 to P240.20, and Bloomberry rose by 38 centavos to P10.38.

Wilcon depot was unchanged at P25.30.

The losers were Emperador, down by 15 centavos to P21.55, PLDT, down by P17 to P1,342, ICTSI, down by 30 centavos to P199.70, Ayala Corp, down by P9 to P615, Universal Robina, down by P3.30 to P126.50, Bank of PI, down by 30 centavos to P106.20, and SM Prime, down by 10 centavos to P33.

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