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  • Writer's pictureBy The Financial District

PSE Index Drops Below Milestone

The Philippine Stock Exchange (PSE) index today declined below a milestone level in the face of continued foreign selling to close at 6,450.34 points, down by 58 points or 0.89 percent.

Photo Insert: The Philippine Stock Exchange (PSE) Index, June 19, 2023

Only three in the Top 20 most active stocks turned in gains and another three were unchanged as the bearish sentiments continued with foreigners getting out of the local market.

The gainers were PLDT, up by P26 to P1,286, Emperador, up by 10 centavos to P21.65, and Globe Telecom up P8 to P1,718.

The most active stock Ayala Corp with trades of P588 million and third-ranked BDO Unibank with trades of P240 million were unchanged at P615 and P140. SM Prime was second most active with P321 million as it closed 50 centavos down to P33.50. Jollibee Foods was also unchanged at P240.

Only the mining and oil index rose, up by 0.95 percent, while Financials lost 0.41 percent, industrials were down by 1.01 percent, holding firms, down by 1.32 percent, services, down by 0.43 percent, and property, down by 1.09 percent.

All the news: Business man in suit and tie smiling and reading a newspaper near the financial district.

Value turnover was just at P4.2 billion with 60 gainers, 112 losers, and 50 shares unchanged.

Bank of PI went down by 70 centavos to p106. 30, Ayala Land odwn by 5 centavos to p24. 40, Robinsons Land down by 20 centavos to p14. 30, ACEN Corp, down by 27 centavos to p5. 03, Metrobank, down by 60 centavos to p53. 10, Greenergy Holdings, down by 3 centavos to p1. 35, and Bloomberry down by 43 centavos to p9. 55.

Market & economy: Market economist in suit and tie reading reports and analysing charts in the office located in the financial district.

Closing out the list were Century Pacific, down by 20 centavos to P24.20, SM Investments, down by P16 to P908, Universal Robina, down by P1.30 to P138.70, Monde Nissin, down by 38 centavos to P8.21, and ICTSI, down by p2 to P200, and 40 centavos to P28.

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