PSE Index Softens

The Philippine Stock Exchange today softened a bit at the start of its shortened trading hour posting a slight decline of 17.27 points or 0.24 percent to 7,290.03 points.

Photo Insert: The Philippine Stock Exchange (PSE) Index, January 14, 2022

Holding firms, property, and the mining sectors were up 0.16 percent, 0.15 percent and 0.20 percent while the financials, industrials, and services posted losses respectively of 0.90 percent, 0.23 percent, and 0.71 percent.

Value turnover was below average as investors opted to stay on the sidelines with 81 gainers, 91 losers, and 52 shares unchanged.

Solar Philippines was the most traded stock hitting a new high of p1.51, up by 9 centavos on trades of p337 million, followed by Metrobank, which traded p266 million as it lost p1.40 to p57.80. Monde was the third most active with p246 million as it closed 50 centavos lower to p17. 08.

Market bellwether SM Investments lost p2.50 to p947.50 property firms Ayala Land and SM Prime closed mixed with the former up 35 centavos to p36.15, and the latter down by 10 centavos to p34.80.

Among the gainers were Puregold, up 45 centavos to p37.60, Aboitiz Equity, up a peso to p61, and GT Capital, up p1.50 to p564.

The losers were Jollibee, down 80 centavos to p229.80, Globe, down p30 to p3,300, and Security Bank, down a peso to p112.50 as it grappled with a looming exit from the PSE basket of stocks.

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