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PSE INDEX IN MARGINAL RISE
- By The Financial District
- May 21, 2021
- 1 min read
The Philippine Stock Exchange (PSE) index today posted a marginal rise even with the continued sell-down from foreign investors with a smallish 1.65 points or 0.03 gain but still shy from a psychological milestone at 6,199.25 points.
Value turnover was a low P5.027 billion helped by four block salle that totaled P682 million.
One of the block sales was for Ayala Corp involving 100,000 shares transacted at P712.0427 or P71.204, million which saw its share hit P700, down by P11 with trades of P289.7 million, to emerge as the most active stock.
Market bellwether SM Investments also had a block sale of 25,000 shares traded at P917.6429 as it gained P10 to P910 with trades of P216 million, of which P35 million were foreign buying.
Ayala Land and DoubleDragon also had respective block sales of 754,000 transacted at P31.9629 and 11.31 million shares at P12.40. ALI closed down by 5 centavos to P32.15, while SM Prime gained 35 centavos to P33.20.
The financials and services sub-sectors posted losses as BDO Unibank declined by 60 centavos to P102 as foreigners unloaded P101 million of its P241 million trade, Metrobank lost 39 centavos to P44.90, and Bank of PI went down by 15 centavos to P80.10.
There were 103 gainers, 95 losers, and 47 shares unchanged with net foreign selling of P512 million on foreign buying of P1.955 billion and foreign selling of P2.468 billion.
