PSE Index Down

The Philippine Stock Exchange index today declined after a sell-down in the closing minutes negating the upside momentum in the middle canto to close at its lowest price point at 7,223.83 points, a loss of 37.51 points or 0.52 percent.

Photo Insert: The Philippine Stock Exchange (PSE) Index, January 17, 2022

Holding firms reversed gear in the closing minutes to tow the index to a decline after pulsating for a high of 7,280.11 points after opening five points higher than Friday's close.

Market bellwether SM Investments however maintained its course closing p3 higher to p950. The other sub-indices that went down were the financials, down by 0.80 percent, industrials, by 0.55 percent, property, 0.74 percent, and holding firms, 0.31 percent.

There were 78 gainers against 104 losers and 61 shares unchanged with value turnover at p5.77 billion in the abbreviated trading due to omicron's speedy transmissibility with the mining and oil index maintaining its upside momentum with a 2.30 percent rise as Nickel Asia rose by 26 centavos to p5.87 and services up by 0.31 percent on the back of ICTSI's rise by p4.50 to p203.

Solar Philippines was the top traded stock closing 10 centavos higher to p1.61 on trades of p397 million followed by Universal Robina which lost p3 to p126.50 on trades of p371 million while Haus Talk was third most active adding 10 centavos to its IPO price to p1.60 with trades of p354 million.

PLDT, Converge, and Dito CME posted declines respectively of p37 to p1,860,10 centavos to p31.15 and 52 centavos to p5.15, while BDO Unibank went down by p2.30 to p127.20, Bank of PI, by 20 centavos to p94.70, and Metrobank, by 30 centavos to p57.50.

Monde was up by 6 centavos to p17.24, Robinsons Land by 4 centavos to p19.12, and Emperador by 18 centavos to p19.58.

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