PSE Index Rises

The Philippine Stock Exchange (PSE) index today bucked the sell down in the last canto to turn in an increase of 40.56 points or 0.56 percent to 7,252.10 points.

Photo Insert: The Philippine Stock Exchange (PSE) Index, October 26, 2021

That close was the highest point for the day, but the gainers column was lower than the decliners 89 vs 110 with 52 shares unchanged as the market hit a bottom of 7,181.47 points on profit-taking.

Only the property sub-index posted the lone decline even with the rise in the share price of Ayala Land, the most active on trades of p538 million, by 10 centavos to p35.95 on bargain hunting.

The financials rose by 0.52 points, industrials by 1.003 percent, holding firms by 0.35 percent, services by 1.90 percent, and mining and oil by 0.45 percent. The property index lost by a hefty 1.23 percent with SM Prime down by 85 centavos to p35.

Value turnover was at its average volume at p6.43 billion signaling that market punters see a possible Christmas rally bringing in the bullish sentiments, especially with the pronounced hike in bank earnings.

PLDT and globe posted respective rises of P40 to P1,650 and p128 to P3,148, while Jollibee climbed to p235.20, an increase of p8.20. converge lost 15 centavos to p31.95. Monde added 10 centavos to close at p16.34.

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