PSE Index Down On Profit-Taking

The Philippine Stock Exchange (PSE) index today went down on profit-taking, with selected blue chips closing at their lowest price points to 6,631.25 points, down by 16.31 points or 0.25 percent in another muted trade.

Photo Insert: The Philippine Stock Exchange (PSE) Index, July 24, 2023

Only the financials and mining and oil posted gains of 0.17 percent and 0.69 percent, respectively, while holding firms lost 0.56 percent, services, down by 0.55 percent, industrials, down by 0.14 percent, and property declined by 0.06 percent.

Losers overwhelmed gainers 114 to 73 with 41 shares unchanged.

Value turnover amounted to half of average at P3.1 billion as investors opted to await positive developments.

New IPO Repower Energy closed 4 centavos higher to P5.04 though it had a high of P5.20 while market bellwether SM Investments closed at P923, down by P17 though it had a high of P944.50 after opening at P900.

Bank of PI was unchanged at P11 despite a high of P115.90 and with profit taking even went as low as P114.80. Monde Nissin ended 29 centavos down to P8.61 but had a high of P9.02 and a low of P8.60. SM Prime was unchanged at P33.30 despite a high of P33.85.

BDO Unibank was the most active stock with P25 million in trades as it advanced by P1.30 to P50, followed by Metro Pacific, which went down a centavo to P4.91 on trades of P24 million.

Third most active was Globe Telecom which went up by P30 to P1,920 on trades of P162 million. PLDT was unchanged at P1,300, Ayala Corp, up by P4.50 to P639, ICTSI, down by P4.20 to P210, Bloombery, up by 6 centavos to P11.78, Universal Robina, down by P1.90 to P131.10.

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