PSE Index In Big Recovery

The Philippine Stock Exchange index today posted a big recovery adding 30 points in the last three minutes of trade, propelling it to a hefty 120.13 point or 1.68 percent rise to 7,343.96 points, its highest trading performance.

Photo Insert: The Philippine Stock Exchange (PSE) Index, January 18, 2022

Holding firms, services, property, and financial sub-indices surged 1.86 percent higher, 1.83 percent, and 1.40 percent respectively while the industrials rose by 0.68 percent.

The mining and oil sector was down by 0.67 percent. Market bellwether SM Investments added p18 to close at p968, while ICTSI roared to a huge 4.14 percent increase, closing at p211.40 up by p8.40, and emerging as top traded stock with p447 million.

Value turnover was below average though as many investors opted to stay out until a clearer COVID problem crops up. Cases had reached more than 37,000 for the past two days, unnerving investors resulting in trades below p5 billion. There were 100 gainers, 85 losers, and 56 shares unchanged.

BDO Unibank advanced by p2.80 to p130, Bank of PI by 30 centavos to p95, and GT Capital by p11 to p567, while Puregold and Haus Talk were unchanged at p37.50 and p1.60, respectively. Jollibee rose by p5 to p230, while PLDT gained p21 to p1,881.

Monde and Solar Philippines lost 54 centavos to p16.70 and 1 centavos to p1.60, respectively. Dito was up by 8 centavos to p5.2.

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