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  • Writer's pictureBy The Financial District

PSE Index Recovers

The Philippine Stock Exchange (PSE) index today recovered on bargain hunting, crawling back a level to 6,512.01 points, up by 81.43 points or 1.27 percent.

Photo Insert: The Philippine Stock Exchange (PSE) Index, June 2, 2023

Financials rose by 1.30 percent, industrials by 0.63, holding firms by 1.59 percent, services by 1.46 percent, mining and oil by 0.42 percent, and property by 0.72 percent. Value turnover was still below average though at p4. 8 billion with 108 gainers, 64 losers, and 47 shares unchanged.

There were only two losers while two were unchanged among the Top 20 active stocks. Metro Pacific lost 2 centavos to P4.35 while Monde Nissin went down by 13 centavos to P7.85.

The two unchanged were Bank of PI and Abacore Capital with respective closing prices of P190 and P2.61.

BDO Unibank emerged as the most active stock with P491 million as it gained P2.40 to P139.40, followed by Ayala Corp with P432 million as it went up by p13 to p658. Market bellwether SM Investments rose by P10 to P920.

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

The other gainers were SM Prime, up by 35 centavos to P32.85, ICTSI, up P1.80 to P202.80, Ayala Land, up 10 centavos to P25.95, LT Group, up by 9 centavos to P9.50, CTS Global, up 2 centavos to pp0. 84, PLDT, up by p46 to P1,255, and JG Summit, up 70 centavos to P48.70.

Also gaining were AgriNurture, up 1 centavo to P7.37, Alliance Global, up 32 centavos to P13.70, Metrobank, up P2.25 to P58.75, Jollibee Foods, up P4.60 to P235, First Gen Corp, up P1.14 to P20.80 and Universal Robina, up by P1.50 to P142.

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