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PSE INDEX LOSES MOMENTUM
- By The Financial District
- Jun 10, 2021
- 1 min read
The Philippine Stock Exchange (PSE) index lost momentum today with investors again becoming wary over the COVID-19 infections that remain quite high though the transmissions are now mostly in the regions, with the market down slightly by 3.74 points or 0.05 percent to 6,898.80 points.
Both the property and financial sub-sectors made the index lose its footing as the declines overwhelmed the gains in the industrials of 0.39 percent, holding firms, 0.03 percent, services, 0.51 percent, and mining and oil 0.007 percent.
The financials were down by 0.004 percent and the property, 0.67 percent.
Value turnover was quite low at P3.605 billion though the net foreign selling was subdued at just P1.41 million on foreign buying of P3.14 billion and foreign selling of P3.141 billion with Monde rising again today by 10 centavos to P13.80 and the gainers ahead of losers, 106 to 87 with 46 shares unchanged that provide for a whiff of optimism on the overall market.
Ayala Land was the most active with trades of P335 million as it lost 55 centavos to P37.75 on profit-taking, while SM Prime also was shaved by 10 centavos to P37.50.
Market bellwether SM Investments gained P7 to close at P1,007, while Jollibee declined by P1.60 to P203.40 and ICTSI was unchanged at P150.
BDO Unibank lost 80 centavos to P109.50, while Metrobank bucked the market decline as it gained 50 centavos to P49.60. Converge was down by 5 centavos to P20.15, while San Miguel rose by P3.40 to P119.
