PSE Index Surges On Ukraine Solution

The Philippine Stock Exchange index today surged on the possibility of a solution to the Ukraine crisis, rising by a hefty 142.88 points or 1.96 percent to 7,452.82 points.

Photo Insert: The Philippine Stock Exchange (PSE) Index, February 16, 2022

All sub-indices were up with value turnover amounting to p9. 52 billion with gainers almost double the losers 123 to 68 with 49 shares unchanged.

Property firms SM Prime and Ayala land soared with the former up 5.48 percent or p2 to p38.50, emerging most active with p651 million in trades, and the latter up by p1.10 to p38.90 with p507 million in trades, the third most active.

Converge was up by 8.04 percent, closing by p2.05 to p27.55 on trades of p27.55. The property sub-index posted the biggest gain, up 3.99 percent. Services rose by 2.40 percent, industrials by 1.70 percent, services by 2.40 percent, mining and oil by 1.64 percent, financials by 0.69 percent, and holding firms by 1.06 percent.

Market bellwether SM Investments was the only loser among the top 20 traded shares as it buckled on profit-taking losing p3 to p937, although it hit a high of p942.

Among the gainers were Monde, up 42 centavos to p16.92, Emperador, up 44 centavos to p19.90, Globe, up p70 to p2,790, Bloomberry, up 34 centavos to p6.55, Jollibee up p2.20 to p251, Nickel Asia, up 27 centavos to p7. 09, and PLDT, up p58 to p1,810.

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