PSE Index Ends Month In The Red

The Philippine Stock Exchange (PSE) index today declined in another uneventful day, closing at its lowest point after opening at its highest as foreign investors unloaded their shares, to close below a milestone level at 6,468.07 points, down by 43.42 points or 0.67 percent.

Photo Insert: The Philippine Stock Exchange (PSE) Index, June 30, 2023

Three of the sub-indices posted losses and the other three were up but the holding firms towed the index to a loss on its 0.24 percent drop plus the declines in financials of 0.77 percent and property losses of 2.38 percent.

Industrials went up by 0.18 percent, services by 0.55 percent and mining and oil by 0.08 percent.

Market bellwether SM Investments went up by P9 to P925 on trades of P273 million to emerge third most active. But the big declines in Ayala Corp and JG Summit affected the holding firms.

Ayala lost 2.34 percent to P625, down by P15 while JG lost a hefty 4.41 percent to P44.45, down by P2.05. Metro Pacific was up by 3 centavos to P4.77 while GT Capital rose by P6 to P515, and DM Consunji lost 28 centavos to P9.06.

Value turnover amounted to P4.7 billion with 83 gainers, 95 losers and 42 shares unchanged.

Property giants SM Prime and Ayala Land were the most active and second most active stocks with the former trading at P416 million as it went down by 95 centavos to P32.85 while the latter traded at P408 million as it lost 80 centavos to P24.30.

BDO Unibank went down by p1. 20 to p137. 70, Jollibee foods gained 60 centavos to p239. 20, Figaro coffee, down 3 centavos to P0.71, ICTSI, up P3.60 to P203.80, Monde Nissin, down 18 centavos to P8.01, Universal Robina, down P1.50 to P137.50, Wilcon Depot, down 55 centavos to P24.15, Puregold, down 20 centavos to P29.40, Greenergy Holdings, down 8 centavos to P1.19, and AgriNurture, down 15 centavos to P6.93.

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