PSE Index Down In Slow Trade

The Philippine Stock Exchange (PSE) index today declined in slow trade with value turnover in a muted clip on lack of significant economic news closing 78.07 points or 1.07 percent down to 7,211.54 points.

Photo Insert: The Philippine Stock Exchange (PSE) Index, October 25, 2021

Only the rise in the financials and services which went up by 0.22 percent and 0.20 percent arrested the big decline as value turnover was below average at p5.57 billion as the holding firms lost 1.55 percent, property was down by 2.46 percent, industrials, by 0.27 percent, and mining and oil by 0.50 percent.

The market opened a bit high from Friday's close but immediately declined after hitting a high of 7,295.35 points as investors cashed in their gains and sold their positions.

Market bellwether SM Investments lost p13 to close at P1,021 on trades of p153 million. But the big losses in the property sector arose from the decline in Ayala land by 4.40 percent or p1.65 to p35.85, and that of SM Prime, which lost 50 centavos to p35.80. Ayala Land was the day's most active with p52-.6 million in trades while SM Prime was third most active with p428 million in trades.

AC Energy bucked the trend as it gained 32 centavos to p11.36 with a second-best active trade of p468.3 million. Converge gained p1.20 to p32.10 while globe lost p18 to P3,020. PLDT went up by P4 to P1,610 while DIto CME went up by 2 centavos to p7.34.

The biggest gainer was second liner Ever Gotesco which went up by 13.43 percent to p0.38, up by p0.045.

Losers were ahead of gainers 120 to 75 with 55 shares unchanged as the lack of interest hit the market. Among the notable gainers were BDO Unibank which was up by a peso to p129, ICTSI which gained 40 centavos to p183.40, and Monde, up by 4 centavos to p16.24.

Among the losers were Bank of Pi, down by 30 centavos to p84.70, and Universal Robina, down by p3.30 to p136.70.

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