PSE Index Soars

The Philippine Stock Exchange index today soared to a new milestone level with investors in buying mode, although the market opened muted and declined a bit before, surging to close at 6,445.01 points up 135.02 points or 2.14 percent.

Photo Insert: The Philippine Stock Exchange (PSE) Index, July 6, 2022

Save for the mining and oil sub-index, which lost 1.42 percent, all others posted hefty gains except the financials, which rose by just 0.03 percent.

Holding firms gained the most with a 3.75 percent hike as market bellwether SM Investments shrugged off a frightening early decline to close with a P47 or 5.93 percent increase to P839.

Industrials rose by 2.18 percent, services by 1.69 percent, and property by 1.28 percent. Value turnover is still below average though at p5. 3 billion with 114 gainers, 71 losers, and 47 shares unchanged.

Universal Robina was the most active with a 3.68 percent increase to P118. 20, up by P4.20 on trades of P517 million.

There were only four losers and one unchanged with 15 shares in the top 20 active. The declines were PLDT, down P17 to P1,758, Semirara Mining down 75 centavos to P36.35, Bank of PI down 10 centavos to P89.90, and Solar Philippines down 5 centavos to P1.71.

Among the gainers were Ayala Corp up P30 to P650, Ayala Land up 50 centavos to P26.90, SM Prime up 25 centavos to P37.75, JG Summit up P1.25 to P52.50, Converge up 5 centavos to P20.95, ICTSI up P8.30 to P194.30, Globe up P14 to P2,240, Jollibee up P6.20 to P207, and Megaworld up 10 centavos to P2.24.

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