PSE Index Down

The Philippine Stock Exchange index today had a scary start, going down by as much as 200 points before clawing back its losses as trading progressed to close at 6,720.93, down by 38.97 points or 0.58 percent.

Photo Insert: The Philippine Stock Exchange (PSE) Index, May 10, 2022

Save for the holding firms, all sub-indices, posted losses. The holding firms rose by 0.43 percent while the financials lost 0.02 percent, industrials by 0.41 percent, services by 2.001 percent, mining and oil by 7.67 percent, and property by 2.34 percent.

Value turnover was heavy at the start of trading with p15 million in mid-trade as the index declined by two milestone levels to 6,547.44 points as blue chips were sold down immediately at the start.

Total trade reached P23 million, four times the average, with 169 losers, 52 gainers, and 34 shares unchanged.

SM Prime emerged as the most active stock with P709 million as it closed at P34.50, down by 70 centavos, followed by ICTSI with P628 million in trades as it closed at P219.80, down by 40 centavos, and Bank of PI, down 40 centavos to P94 with trades of P594 million.

Among the gainers were BDO Unibank, up by a peso to P129, Philweb up 96 centavos to P4.06, Metrobank up 5 centavos to P52.90, Ayala Corp, up p10 to p740, Monde up 2 centavos to P13.40, and JG Summit, up 20 centavos to P54.

Market bellwether SM Investments went down by 50 centavos to P845, PLDT down P42 to P1,848, Nickel Asia down P1.12 to P6.60, Jollibee down by P2.20 to P215.20, and Meralco, down a peso to P343.

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