PSE Index Declines

The Philippine Stock Exchange index today declined a bit on profit-taking towards the close with a slight 21.55 points or 0.30 percent to 7,251.97 points, the lowest.

Photo Insert: The Philippine Stock Exchange (PSE) Index, January 28, 2022

Opening a tad lower from its Thursday close, the index rose to a high of 7,315.31 points as investors picked blue chips until investors started pocketing their gains that saw the market slide as the minutes ticked by.

Value turnover hit a hefty p8. 01 billion with 76 gainers, 109 losers, and 57 shares unchanged. Market bellwether SM Investments lost p1. 50 to p949.50, while Figaro advanced by 5 centavos to p0.91 on trades of p146 million, the second most active stock after BDO Unibank's p242 million, where it closed at p129.70, up by p2.70.

Financials and industrials posted gains of 3.18 percent and 1.04 percent respectively but the holding firms were down by 0.96 percent, services by 1.39 percent, mining and oil by 0.18 percent, and property by 1.70 percent.

Solar Philippines was unchanged at p2.12 while AC Energy declined by 1 centavos to p9.49, Monde lost 2 centavos to p16.66, Globe went down by p2 to p3,285, while SM Prime was shaved by 20 centavos to p34.80.

Among the gainers were Emperador, up by p1.55 to p22.45, Bank of PI by p2.30 to p97.30, Megaworld REIT, up by 70 centavos to p22.85, Aboitiz Equity, up by 90 centavos to p34.50, and Ayala Land, up by 20 centavos to p34.85.

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