• The Financial District


The Philippine Stock Exchange (PSE) today lost 20.87 points or 0.34 percent to close at 6,076.91 points with foreign investors as net buyers to the tune of P516 million in a roller-coaster ride with a late buying surge that clawed back 58 points off the lows.

Opening low at 6,069 points, sellers outnumbered buyers resulting in the PSE index dropping to a low of 6,014.78 points before gaining back some of its losses and finished at its highest point with 88 gainers, 97 losers and 56 shares unchanged.

Value turnover amounted to P9.456 billion with the top 20 active stocks, mostly blue chip stocks, accounting for P7.697 billion. There were foreign buying of P5.277 billion and foreign selling of P4.761 billion. Most of the active stocks that were sold off by foreign investors posted losses.

Listed liquor manufacturer Emperador traded a total of P1.122 billion to be the most active stock of the day with its share price going up by 78 centavos to close at P10.98 . Of that amount, P735 million were net foreign buyers.

Ayala Land and SM Investments had respective transactions of P1.074 billion and P1.053 billion with the former rising 10 centavos to P33.30 and the latter up P3.00 to P900. SM Prime closed unchanged at P31.00 on value turnover of P691 billion.

Emperador, Ayala Land, SM Investment and SM Prime had net foreign buyers for the day. Emperador had P735 million net buyers, SM Investments, P674 million and SM Prime , P185 million.

The stocks that had net foreign sellers posted losses. Among them are First Gen, with net sellers of P182 million as it closed 90 centavos lower to P22.60; PLDT had net sales of P151 million with its stock closing P37 lower to P1,350, Metro Pacific , with net sales of P58 million as it closed 2 centavos lower to P3.35.

Ayala REIT lost 80 centavos as it closed at P24.10 with foreign investors net sellers of P159 million while BDO Unibank, though its had net foreign sales of P45 million, managed to close unchanged at P92. Jollibee Foods gained P2 to P144.50 while Merry Mart added P8 centavos to P3.01.

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@2020 by The Financial District