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.

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