PSE Index Down

The Philippine Stock Exchange (PSE) index today went down on slim volume with the three-day weekend ahead, losing 35.91 points or 0.55 percent to 6,541.03 points.

Photo Insert: The Philippine Stock Exchange (PSE) Index, December 23, 2022

The index actually even slumped to as low as 6,536.67 points as all sub-indices declined in mid-trade, but it recovered at the close as industrials and the services posted gains.

Financials lost 0.85 percent as BDO Unibank went down by P1.20 to P106.80, Metrobank, by P1.35 to P54.95, Bank of PI, by 20 centavos to P99.80 and Security Bank by 80 centavos to P87.80.

Market bellwether SM Investments went down by P12 to P914 on trades of P283 million, the second most active stock after PLDT, which lost P19 to P1,230 on trades of P466 million.

Holding firms went down by 0.95 percent while mining and oil and property went down by 0.38 percent and 0.78 percent, respectively. Services were up as ICTSI rose by P6 to P204, up by 3.03 percent to power the sub-index to a 0.36 percent rise as Converge declined by 8 centavos to P13.92. Industrials gained 0.42 percent.

Among the gainers in the top 20 active stocks were GT Capital, up P4 to P434, SM Prime, up by 5 centavos to P35.50, Universal Robina, up by 20 centavos to P137.60, DM Consunji, up by 50 centavos to P11.48, and Monde, up by 40 centavos to P11.70.

Value turnover was half of the average at p3.13 billion with 72 gainers, 94 losers, and 46 shares unchanged.

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