PSE Index Down Marginally

The Philippine Stock Exchange (PSE) index today declined marginally saved by a rise in the index-heavy holding firms to close at 7,085.52 points, down by 5.88 points or 0.08 percent.

Photo Insert: The Philippine Stock Exchange (PSE) Index, January 6, 2022

Holding firms, with market bellwether posting a p17.50 gain in its share price to p947, provided the buffer to the market with a plus 0.93 percent increase, the only gainer among the indices. The services lost 1.37 percent, mining and oil, 1.02 percent, industrials, 0.91 percent, financials dropped 0.70 percent, and property fell 0.04 percent.

AC Energy was the day's most active stock as it continued its slide in the disclosure of the sale of its power assets to an exploration firm, closing at p9.65, down by 45 centavos or 4.46 percent on trades of p477.2 million. Ictsi lost p4.50 to p848, while Monde was up by 22 centavos to p16.22.

BDO Unibank and Bank of PI respectively declined by 50 centavos to p123 and 10 centavos to p92.80.

The market was down by 44 points after its one-hour recess but it slowly recovered lost ground as punters hunted for bargains. SM, for instance, hit a low of p920 before adding p27 at the close. Solar Philippines added a centavo to its share price of p1.22 while Ayala REIT was unchanged at p50.

Value turnover amounted to a sub-average of p5.209 billion with losers ahead of gainers 114 to 57 with 59 shares unchanged. Among the gainers were Ayala Corp, up p4.50 to p848, Ayala Land up p1.15 to p34.90, and Aboitiz equity, up p1.30 to p56.70.

The losers included Converge, which was down 20 centavos to p31.20, PLDT, down P9 to P1,876, and Globe, down p50 to P3,260.

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