By The Financial District
PSE Index Declines
The Philippine Stock Exchange index today buckled under selling pressure from investors pocketing their gains with the lack of catalysts to below a milestone level, 7,261.54 points, down by 82.42 points or 1.12 percent.
Photo Insert: The Philippine Stock Exchange (PSE) Index, January 19, 2022
Services posted losses with a 1.15 percent decline on the back of ICTSI's p7 drop to 204.40, while the other losers were property, down by 1.76 percent, financials by 1.38 percent, and holding firms, down 1.03 percent.
Value turnover amounted to p5. 29 billion with 75 gainers, 103 losers, and 50 shares unchanged.
Market bellwether SM Investments went down by p9 to p959 while Solar Philippines emerged top traded stock with p349.1 million as it closed a centavo higher to p1.61. Emperador followed with p326 million as it closed 20 centavos lower to p19.20.
Telco stocks were up, save for Dito CME, which closed unchanged at p5.23. PLDT was up by p7 to p1, 888, Globe, by p6 to p33.60, Converge, by 45 cenatvos to p31.75. The other gainers were Aboitiz Power, up p1.75 to p33.55, and Jollibee, up 40 centavos to p p230.40.
Among the losing stocks were Ayala Land, down 95 centavos to p35, SM Prime, down 50 centavos to p33.35, AC Energy, down p9 to p9.50, Security Bank, down p5 to p107, BDO Unibank, down 2.10 to p127.90, Metrobank by 90 centavos to p58, and Ayala Corp, down p16 to p850.
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