PSE Index Starts Week Marginally Up

The Philippine Stock Exchange (PSE) index today had mild gyrations seesawing between a green and red signals as the tentative sentiments of investors manifested itself in the market as it closed marginally up to 7,197.61 points, up by just 5.44 points or 0.08 percent.

Photo Insert: The Philippine Stock Exchange (PSE) Index, December 13, 2021

There were just 93 gainers and 96 losers with 57 shares unchanged as the market plumbed the depths of the effect of omicron that is now ravaging Europe. Value turnover was a bit above average with a 61- point margin between its high and low price points.

The financials and the property sub-indices provided the buffer to the losses in the index heavy industrials and holding firms with the mining contributing to the smallish gain. BDO Unibank and Bank of PI which gained respectively by a peso to p124.50 and by p2.85 to p93.50 towed the financials to a 1.07 percent advance.

Ayala Land, which rose by 45 centavos to p36, and SM prime which gained also by 45 centavos to p35.60 pushed the property sector to a 1.06 percent rise. The industrials declined by 0.22 percent while the holding firms lost 0.44 percent.

Market bellwether SM Investments went up by p4.50 to p944.52 while ICTSI went down by p1.90 to pp195.50 that led to a 0.50 percent loss in the services sector.

Jollibee foods lost p5.40 to p227.80 while all day and Converge lost 5 centavos to p0.63 and p1.65 to p31.25 respectively. Alliance Global went up by 20 centavos to p12.20 while manila water advanced by p1.15 to p26.35.

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