PSE Index Sputters

The Philippine Stock Exchange (PSE) index today closed lower, with investors staying on the sidelines, all sub-indices in the red, to close a milestone level below at 6,560.22 points, down by 55.73 points or 0.84 percent.

Photo Insert: The Philippine Stock Exchange (PSE) Index, May 25, 2023

Value turnover also was just 66 percent of the average at P3.95 billion with losers more than double that of gainers, 113 to 53, with 59 shares unchanged.

Only three listed shares in the Top 20 traded stocks posted gains with one unchanged, that of SM Prime, which emerged as the most active stock with trades of P341 million as it closed at P34.

The second most active was Ayala Corp with P332 million losing P8 to P691.50 while market bellwether SM Investments was the third most active stock with trades of P321 million as it went down by P13 to P916.

The three gainers were Jollibee Foods, up by P4 to P234, Petron Corp, up 22 centavos to P4.20, and Universal Robina up by 90 centavos to P146.90.

Financials went down by 0.99 percent, industrials by 0.30 percent, holding firms by 1.12 percent, services and mining and oil by identical 1.07 percent, and property by 0.71 percent.

The other losers in the most active stocks were BDO Unibank, down by a peso to P135, Century Pacific, down by P1.50 to P22.50, ICTSI, down by P1.40 to P200, Bank of PI, down by P2 to P103, Ayala Land, down by 40 centavos to P26, and PLDT down by P31 to P1,228.

The remaining red stocks were Bloomberry, down by 12 centavos to P10.88, GT Capital, down by P2 to P510, JG Summit, down by 50 centavos to P50.50, LT Group, down by 40 centavos to P9.50, AgriNurture, down by 7 centavos to P7.28, Metrobank, down by 40 centavos to P58.90, Megaworld, down by 8 centavos to P2.03, and Monde Nissin, down by 6 centavos to P8.50.

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