PSE Index Rises Some More

The Philippine Stock Exchange (PSE) index today rose some more with all sub-indexes up, closing at 7,307.75 points up by 92.62 points or 1.26 percent.

Photo Insert: The Philippine Stock Exchange (PSE) Index, January 13, 2022

But, value turnover was below average indicating the uncertainty over the Omicron variant as rumors abound that a lockdown could crop up should an alert level 4 be declared. Wednesday, the index surged as the feared lockdown did not ensue. Value turnover hit just p4.23 billion, about 30 percent below average.

Gainers, however, still swamped the losers 131 to 60 with 50 shares unchanged with the top 20 traded stocks in big gains save for two that posted losses, SM Prime which declined by 25 centavos to p34.60 and globe which lost p30 to P3,366.

Monde was the top traded stock rising by 66 centavos to p16.56 with trades of p310 million, followed by Metrobank which gained p1.30 to p59, and AC Energy, which finally posted a rise of p51 centavos to p9.51.

Mining and oil again provided the backdrop to the rise of the index beyond a new milestone level as it hit a 2.25 percent gain on the back of another increase in NickelAsia to p5.67, up by 26 centavos. Services rose 1.56 percent, financials, 1.76 percent, industrials were up by 1.38 percent, holding firms, by 0.93 percent, and property, up by 0.59 percent.

Among the gainers were Dito CME, which was up by 9.50 percent or 51 centavos to p9.51, market bellwether SM Investments, which rose p6.50 to p956.50, Jollibee up 6 to p229, Solar Philippines, up 2 centavos to p1.44, and Ayala land, up 5 centavos to p35.65.

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