PSE Index Declines
The Philippine Stock Exchange (PSE) index declined below its support level with losers overwhelming gainers with trades below average as investors took a wait-and-see stance to close 79.47 points or 1.08 percent down to 7,289.80 points.
Photo Insert: The Philippine Stock Exchange (PSE) Index, November 26, 2021
Bearish sentiments hit the Top 20 active stocks with only three posting slight upticks as all the sub-indices were in the red. Value turnover amounted to p4.939 billion with 122 gainers 67 losers and 37 shares unchanged.
Market bellwether SM Investments closed a peso higher to p979, one of three gainers. The other advancers were all day, up a centavo to p0.75 on trades of P46 million and LT Group, up 8 centavos to p11.04.
Monde emerged as the most active stock as it went down by 16 centavos to p17.72 with trades of p806 million. AC Energy declined by 4 centavos to p11.86 while the third-ranked was Ayala Land which lost 95 centavos to p36.15.
The Property index lost big with a 1.73 percent drop, followed by the financials, which lost 1.55 percent. Services lost 1.09 percent while the industrials, holding firms, and mining respectively lost 0.42 percent, 0.53 percent, and 0.47 percent.
WEEKLY FEATURE : MVP Keeps Lights On During Pandemic