PSE Index Declines

The Philippine Stock Exchange today declined below its 7,000-point milestone with foreign investors again continuing to sell their holdings with the continued Ukraine episode seen to further shave the gains from the COVID-19 pandemic resulting in a 51.03-point drop to 6,956.60 points, down 0.73 percent.

Photo Insert: The Philippine Stock Exchange (PSE) Index, March 21, 2022

Market bellwether SM Investments again topped the most active shares with a P1.383 billion trades as it lost P22.50 to P880 but not after an early surge in its share price to P909.

ICTSI was the second most active with trades of P468 million as it lost P4.60 to P220.20. It also had a high of P228.60 before succumbing to selling pressure.

Value turnover amounted to P7.604 billion with 78 gainers 103 losers and 53 shares unchanged. Save for the services sub-index which posted a gain of 0.39 percent, all others were in negative territory.

Financials declined by 0.66 percent, industrials by 1.28 percent, holding firms by 1.02 percent, mining by 2.22 percent, and property by 0.73 percent.

Property giants Ayala Land and SM Prime had mixed results with the former down by 75 centavos to P34.70 and the latter up by 20 centavos to P38.85. PLDT and Globe were both up, respectively closing at P1,730.7, up by P44, and P2,340, up by P90, while Converge lost 70 centavos to P25.90.

Among the losers were Monde, down 64 centavos to P13.70, BDO Unibank, down P1.70 to P126.10, Bank of PI, down 5 centavos to P97.75, and Metrobank, down 70 centavos to P52.10. Jollibee also declined by P4 to P212, Ayala Corp by P11 to P777, AC Energy by 30 centavos to P7.90, and Solar Philippines, down 6 centavos to P1.76.

The gainers were Semirara Mining, up 30 centavos to P31.55, Meralco, up 80 centavos to P359, DMCI, up 10 centavos to P9, and second liners A. Brown Co., up 9 centavos to P0.93, Prime Media, up 15 centavos to P1.59, and Primex, up 21 centavos to P2.74.

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