PSE Index Down Anew

The Philippine Stock Exchange index today declined some more as the sell-down continued on the inflation spike in the US and other countries arising from the Ukraine crisis, closing with a bigger loss of 85.07 points or 1.27 percent to 6,635.86 points.

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

Four of the sub-indices were down with holding firms bearing the brunt of selling as it lost 2.53 percent with market bellwether SM Investments losing P20 or 2.37 percent to P825 on trades of p520 million to emerge most active stock.

The other losers were property, down 1.36 percent, industrials, down 1.007 percent, and financials, down 0.03 percent. The services gained 0.48 percent and mining and oil went up 2.63 percent.

Value turnover was a tad above average at P6.641 billion while there were 97 gainers and 103 losers with 48 shares unchanged.

Ayala Land and SM Prime followed with trades of P417 million and P408 million posted losses of 90 centavos to P30.60 and 25 centavos to P34.25, respectively, while BDO Unibank was unchanged at P129.

There were seven gainers in the top 20 most active stocks. PLDT advanced P37 to P1 885, Bloomberry went up 39 centavos to P6.58, Emperador up 5 centavos to P20.20, Bank of PI gained a peso to P95, Nickel Asia rose 24 centavos to P6.84, Jollibee, P2 to P217.20, and Dito CME, 22 centavos to P5.82.

Among the losers were Ayala Corp, down by 4.86 percent to P704, a loss of p36, AC Energy, down 3.89 percent to P6.92, a loss of P28 centavos, JG Summit down 2.41 percent or P1.30 to P52.70, and Universal Robina down a peso to P113.

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