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PSE INDEX RISES
- By The Financial District
- Jun 25, 2021
- 2 min read
Local investors pushed up all sub-indices, with the services sector taking lead as The Philippine Stock Exchange (PSE) index takes aim at a new psychological milestone, closing at its high note of 6.950.51 points, up by 64.51 points or 0.94 percent even with net foreign selling of P228 million.
ICTSI spearheaded the services sector to a rise of 1.40 percent as its stock flew to P164, up by P5 or 3.14 percent, powered by foreign buying of P117 million out of its total trade of P314 million.
Total foreign buying amounted to P1.583 billion and foreign selling reached P1.812 billion, with Monde surviving foreign selling of P83 million as locals pushed the price to P15.34, up by 36 centavos with trades of P338 million, the second most active stock after Ayala Land, which posted a loss of 10 centavos to P37 on total trades of P369 million, of which P53 million were foreign selling.
BDO Unibank and Metrobank, with foreign buying of P25 million and P24 million, respectively posted gains of P1.10 to P115 and 10 centavos to P49.10. Jollibee Foods, with foreign buying of P43 million, also gained P4. to P216, while Eagle Cement advanced by 28 centavos to P15.28.
Market bellwether SM Investments rose by P9 to P995 while Security Bank, hobbled by foreign selling of P64 million declined by P1.30 to P117.50. Converge was also down by 90 centavos to P21.70 with foreign selling of P32 million while Globe posted a gain of P23 to P1,853.
Value turnover reached P6.95 billion with gainers ahead of losers, 118 to 88 with 44 shares unchanged.
All sub-indices were up, with the financials closing 0.61 percent higher, industrials, 0.39 percent, holding firms, 0.96 percent, mining and oil, 1.03 percent, and property, 0.65 percent.
SM Prime went up by 45 centavos to P37.80, while Megaworld advanced by 8 centavos to P3.24. Ayala Energy lost 9 centavos to close at P8.18 on profit-taking after a run-up in the past week, while Phirealty gained P0.055 to P0.45 on property play.
Market analysts see a possible upside potential for the economy with the upcoming positive sentiment on the business revival which is hinged on the delivery of vaccines.
