PSE Index Still Lethargic

The Philippine Stock Exchange (PSE) index experienced a slight decline today, with foreign investors now being net sellers, closing at 6,622.01 points, down by 8.67 points or 0.13 percent.

The Philippine Stock Exchange (PSE) Index, January 30, 2024

In terms of sectoral performance, financials decreased by 1.01 percent, property by 0.21 percent, and industrial by 0.44 percent.

However, holding firms gained 0.53 percent, services were up by 0.55 percent, and mining and oil increased by 1.30 percent.

Value turnover amounted to ₱4.47 billion, with gainers and losers having identical counts of 91 shares, while 47 shares remained unchanged. Foreign buying amounted to ₱2.017 billion, while foreign selling hit ₱2.583 billion, resulting in a net selling of ₱566 million.

BDO Unibank lost ₱1.50 to ₱143.40 as it emerged as the most active stock with ₱448.4 million.

Other losers included Ayala Land, Universal Robina, Ayala Corp, PLDT, Bank of PI, Security Bank, Megawide, Meralco, Manila Water, Emperador, Semirara Mining, Bloomberry, Jollibee Foods, Metrobank, and Aboitiz Equity.

On the other hand, the gainers were ICTSI, GT Capital, market bellwether SM Investments, JG Summit, Ayala REIT, Converge, Megaworld, Nickel Asia, Globe Telecom, ACEN Corp, PNB, Union Bank, and Robinsons Land. Unchanged were Petron, SM Food and Beverage, Ginebra, and SM Prime.

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