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PSE Index Still Up
- By The Financial District
- Nov 22, 2022
- 2 min read
The Philippine Stock Exchange (PSE) index managed to stay above its post-resistance level at 6,429.65 points, up by a bit, 26.41 points or 0.41 percent.
Photo Insert: The Philippine Stock Exchange (PSE) Index, November 22, 2022
After opening a shade higher than its milestone level at 6,401.40 points, it had a moment of exuberance in which it went up to as high as 6,463.18 points as selected blue chips rose following bargain-hunting prowls of investors
Jollibee Foods was the most active stock for the day with a P4 gain to P256 as it opened 20 centavos lower than its Monday close and hit a high of P259 on trades of P483 million.
Ayala Land ended the day a peso lower to P27.10 but it rose to a high of P28.45, resulting in profit-taking while port operator ICTSI moved up to a high of P191.30 before ending the day P4 lower at P186 with trades of P305 million.
Market bellwether SM Investments started on a low note at P837 but closed at P869, up by a hefty 3.95 percent or P33 on trades of P192 million as investors bought on bargain hunting.
Total value turnover, however, was below average at P5.39 billion with 78 gainers, 117 losers, and 41 shares unchanged. Holding firms, together with financials and property posted gains respectively of 0.79 percent, 0.83 percent, and 0.81 percent while the losers were industrials, down by 0.33 percent.
Services were down by 0.66 percent and mining and oil with a huge 1.76 percent loss as Semirara Mining went down by 65 centavos to 31.35.
Meralco hit a high of P307.80 with profit-takers moving in to finish the day at P290.60, down by P12.40, while ACEN Corp was unchanged at P7.15.
BDO Unibank was up by P1 to P130, SM Prime, up by P1.20 to P35, Aboitiz Power, up by P1.25 to 35.45, Bank of PI, up by 10 centavos to P97.80, and Security Bank up by P1.50 to P95.10. DM Consunji was down to P9.87, Ayala Corp, down by P14 to P656, Converge, down by 60 centavos to P14.70, and JG Summit was down by P1.65 to P42.25.
