PSE Index Starts Week Slightly Up

The Philippine Stock Exchange index today went up a bit but value turnover remains muted in the absence of comforting news on the Ukraine crisis, ending with an 18.27 point or 0.30 percent increase to 6,183.62 points.

Photo Insert: The Philippine Stock Exchange (PSE) Index, July 4, 2022

Economic uncertainty remains with survey findings citing sour projections by companies while consumers are positive over the next second half of the year as per the business expectations survey done by the Bangko Sentral ng Pilipinas.

As a result, sub-indices were mixed with the financials up a healthy 1.59 percent, industrials by 0.08 percent, and holding firms by 0.80 percent, while services lost 0.27 percent, 1.29 percent, and property by 0.83 percent.

Value turnover was a low P3.8 billion with 69 gainers, 111 losers, and 50 shares unchanged.

PLDT emerged most active with P327 million in trades as it went up by a hefty 3.53 percent to P1,729, up by P59 followed by Converge with P240 million in trades as it went up by P1.05 to P22.

BDO Unibank gained P3.40 to P115.50. The other gainers were market bellwether SM Investments up P30 to P800, Semirara Mining up 20 centavos to P36.20, Universal Robina up P1.50 to P110.50, Monde up 16 centavos to P13.20, AC Energy up 13 centavos to P8.07, Globe up P20 to P2,200, and Solar Philippines up 6 centavos to P1.74.

Jollibee lost P1.80 to P203.20, Aboitiz Equity by P1.25 to P47.25, SM Prime down by 25 centavos to P36.05, Ayala Land down by 30 centavos to P25.70, ICTSI by P7.20 to P183.80, Ayala Corp by P15 to P610, Megaworld by 4 centavos to P2.04 and Wilcon Depot by a peso to P23.

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