PSE Index Slightly Down

The Philippine Stock Exchange index today posted a slight decline in humdrum trading as investors opted not to make big moves in the absence of heartening news to close at 7,112.19 points, down by just 12.61 points or 0.18 percent.

Photo Insert: The Philippine Stock Exchange (PSE) Index, March 11, 2022

Opening a bit lower from its Thursday close, the index inched upward though in slow mode due to the lack of good news even as the Ukraine crisis continued, investors preferring to just bet conservatively on their stock picks.

Thus, the most active stock, ICTSI, traded at just P417 million closing at p226, down by P7, followed by PLDT, which had trades of P355 million as it also declined by P15 to P1,830.

But, even with the low bets on the stocks, value turnover continued to be above average with total trades of P8.179 billion. There were 56 gainers, 129 losers, and 41 shares unchanged.

Financials and property sub-indices were the two gainers while mining lost 4.60 percent, services by 1.74 percent, industrials by 1.19 percent, and holding firms by 0.21 percent.

Market bellwether SM Investments lost P1 to P909. Bank of PI advanced P2 to P97, Metrobank, by 45 centavos to P55.50, and BDO Unibank, by 10 centavos to P127. Semirara was among the losers as it shed another P1.40 to P31.

The other losing stocks include Ayala REIT, down P2 to P47.40, DNL Industries, by 39 centavos to P7.15, Ayala Corp, down P29.30 to P800.50, Jollibee, down by P9.80 to P230, and Metro Pacific, down 10 centavos to P3.60.

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