PSE Index Down A Bit

The Philippine Stock Exchange index today posted another decline, though just a tad lower, at 6,248.13 points, down by 7.25 points or 0.12 percent, as it recovered lost ground where it tumbled a milestone below on an early sell-down.

Photo Insert: The Philippine Stock Exchange (PSE) Index, July 14, 2022

With a yawning decline to a low of 6,166.61 points on the continued sell-down, bargain hunters came in in full force resulting in a clawback of its losses early on to close with just a fractional loss.

The top three most active stocks see-sawed during the trading session with big losses early and sizeable gains. Ayala Land, which got an underweight rating from J.P. Morgan closed at P23.80, a loss of 60 centavos on trades of P747 million but it had a high of P24.80 and a low of P23.40.

Market bellwether SM Investments with trades of p403 million closed p21. 50 lower to P775.50 but it had a high of P797 and a low of P771.50. ICTSI rose by P3.70 to P186.50, its highest on trades of P365 million but it had a low of P179.30.

Two of the sub-indices were up, the financials, which rose by 1.69 percent, and services, which went up by 0.03 percent. Industrials lost 0.26 percent, holding firms down 0.70 percent, mining and oil down by 0.41 percent, and property down by 1.23 percent.

Value turnover amounted to P5.29 billion, still below the P6 billion turnover, with 69 gainers, 124 losers, and 34 shares unchanged.

Among the gainers were Emperador up by 68 centavos to P18.10, Meralco up P4 to P354, Semirara Mining up by 50 centavos to P39, Bank of PI up by P2.45 to P90, BDO Unibank up by P3.10 to P123, Jollibee up 20 centavos to P212.80, and Monde up by 2 centavos to P13.96.

The losers included Converge down by 60 centavos to P21.25, PLDT down P6 to P1,700, AC Energy down 22 centavos to P8.05, DMCI down 10 centavos to P8.90, Wilcon Depot down P1.45 to P21.55, and SM Prime down 20 centavos to P36.70.

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