PSE Index Down On Low Trade

The Philippine Stock Exchange (PSE) index was down today on low-value turnover as it failed to sustain a rally in the early going, declining later as profit-takers took hold leading to a 25.37 points decline, or 0.37 percent to 6,924.02.

Photo Insert: The Philippine Stock Exchange (PSE) Index, September 9, 2021

Opening lower than Wednesday's close, the index went to a high of 6,949.60 points. But, investors pocketed their gains with the index going down to as low as 6,897.12 before rising up at the close with 94 gainers, 96 losers, and 44 shares unchanged.

Value turnover was a low of P4.38 billion as many investors stayed at the sidelines on account of the fear over the Delta transmissions and the government change of heart on the easing of lockdowns. Earlier, the government announced eased quarantine protocols but then decided to retain the same strict restrictions until September 15.

The financials went up by 0.08 percent, the industrials by 0.25 percent, and mining and oil and property rose by 0.14 percent and 0.02 percent, respectively, while the losses in the holding firms and the services of 0.73 percent and 0.67 percent took out the gains of the four other sub-indices.

AC Energy emerged the most active trading P380 million as its share price went up by 4 centavos to P10.04. Globe followed, unchanged at P2,790. Next was Monde with trades of P274 million as it added 16 centavos to P17.36.

Market bellwether SM Investments posted a hefty loss of P17 to close at P1,008 while PLDT went down by P32 to P1,439.

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