PSE Index Goes Up Slightly

The Philippine Stock Exchange (PSE) today posted a small gain of 6.20 points or 0.10 percent to 6,514.47 points but remained in the doldrums with total trades a ghost of its past as investors remained on the sidelines sans concrete economic news.

Photo Insert: The Philippine Stock Exchange (PSE) Index, July 4, 2023

Seesawing in and out of its milestone level, the index finished higher as holding firms, industrials, and services posted gains of 0.67 percent, 0.53 percent and 0.64 percent, respectively.

Financials went down by 1.09 percent, mining and oil by 0.03 percent, and property down by 0.16 percent. Total value turnover amounted to just p2. 24 billion with 90 gainers, 83 losers and 57 shares unchanged.

BDO Unibank was the most active stock with P189 million in trades as it closed P2.30 lower to P137.70, followed by ICTSI with P182 million as it gained 20 centavos to P200.80. Emperador was third most active with P136 million as it lost 5 centavos to P21.

Market bellwether sm investments rose by p6 to p938 while universal Robina gained p5. 30 to p140.

Also up were Bloomberry, which rose by 38 centavos to P11.28, Ayala Corp, up P10 to P638, Jollibee Foods, up P2.40 to P242.80, PLDT, up p9 to P1,343, Wilcon Depot, up 60 centavos to P25.25, and Megaworld, up 2 centavos to P2.01.

The losers were Ayala Land, which sank 5 centavos to P24.70, GT Capital, down P4.50 to P515, AboitizPower, down 65 centavos to P36.65, Bank of PI, down P1.60 to P106.80, Monde Nissin, down 3 centavos to P7.94, AgriNurture, down 4 centavos to P6.29, and Metrobank, down 15 centavos to P55.40.

SM Prime and Century Pacific were unchanged at P33.70 and P25.60, respectively.

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