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  • Writer's pictureBy The Financial District

PSE Index In Upswing

The Philippine Stock Exchange (PSE) index today surged anew, rising to a new milestone level with selected blue chips overcoming profit-taking at the start of trade, to close at 6,624.79 points up by 46.30 points or 0.70 percent.

Photo Insert: The Philippine Stock Exchange (PSE) Index, July 14, 2023

Only the mining and oil index showed a loss with financials shaking off a slow start to close 0.65 higher while industrials went up by 0.90 percent, holding firms higher by 0.73 percent, services up by 0.28 percent and property up by 0.63 percent.

Value turnover reached P5.5 billion with 93 gainers, 79 losers and 51 shares unchanged.

It was the third day of the pse index posting gains with Ayala Land emerging as the most active, with P957 million as it rose by 75 centavos to P25.70, benefitting from its buybacks while.

BDO Unibank was second most active with trades of p696 million as it closed lower by 20 centavos to P147.80. Market bellwether SM Investments gained 1.66 percent or P15.50 to P946.50 on trades of P458 million.

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

Bank of PI went up by P2.40 to P115, ACEN Corp, up by 9 centavos to P5.40, Jollibee Foods, up by P1.20 to P254.20, Filinvest REIT, up by 13 centavos to P3.43, ICTSI, up by P4 to P209, and Universal Robina, up by P2.60 to P136.

The other gainers were Meralco, up by P5.60 to P340, JG Summit, up by 60 centavos to P44.80, Metrobank, up by 5 centavos to P57.50, Monde Nissin, up 13 centavos to P8.93, Century Pacific, up 40 centavos to P26.60.

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

Ayala Corp went down by P5 to P614, SM Prime down by 15 centavos to P32.95, PLDT, down by P10 to P1,305, and Wilcon Depot, down 95 centavos to P24. GT Capital and Metro Pacific were unchanged at P520 and 4.93, respectively.

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