• By The Financial District

PSE Index Declines Again

The Philippine Stock Exchange went on a roller coaster ride today, hitting a high after an uneventful opening trade before succumbing to a selldown from profit takers to hit a low 64 points and nosing a bit at the close to P7,239.28 points, down by 22.26 points or 0.31 percent.

Photo Insert: The Philippine Stock Exchange (PSE) Index, January 20, 2022

Value turnover was at an average of p6.14 billion with the number of gainers showing a glimpse of an optimistic Friday. Gainers were ahead of losers 109 to 81 with 44 shares unchanged.

The holding firms with index heavy stocks lost 0.12 percent which swamped the gains in financials, up by 0.97 percent, industrials, by 0.80 percent, and mining and oil by 3.25 percent. The other losers were services down 0.68 percent and property, down by 1.72 percent

Alliance Global was the top traded stock with p1.31 billion in trades as it declined by 30 centavos to p12.50, while Ayala Land followed with p405 million in trades closing 90 centavos lower to p34.10.

ICTSI was the third most active with p279 million as it lost p4.29 to p200.20. Market bellwether SM Investments went down by a peso to p958, while Manila Water also was shaved by 30 centavos to p25.20.

All the news: Business man in suit and tie smiling and reading a newspaper near the financial district.

BDO Unibank, Security Bank, and Bank of PI respectively closed at 129.30, up by 1.40, p111, up by P4, and p95, up by 70 centavos.

Aboitiz Power was up by 25 centavos to p33.80m while AC Energy rose by 23 centavos to p9.73.

Market & economy: Market economist in suit and tie reading reports and analysing charts in the office located in the financial district.

Among the losers were Converge, down 45 centavos to p31.30, PLDT, down p7 to P1,881, Ayala Corp, down p5 to p845, Solar Philippines down a centavo to p1.60, and SM Prime, down 55 centavos to p33.80.

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