PSE Index Surges, Stays Up Despite Cooling Down
- By The Financial District

- Feb 12
- 2 min read
The Philippine Stock Exchange (PSE) index surged Wednesday but cooled at the close to end the day 24.22 points, or 0.37 percent higher, at 6,498.82.

Opening higher from its Tuesday close, the index marched upward as the sub-indices posted gains, only to reverse gear at the close as holding firms and services posted losses of 0.13 percent and 0.20 percent, respectively.
The index had an intraday high of 6,543.35 points but tumbled to a low of 6,474.07.
Financials rose by 0.83 percent, industrials were up 0.81 percent, mining and oil climbed 1.55 percent, and property advanced 1.22 percent. Bank of the Philippine Islands went up 3.16 percent, but BDO Unibank shed 1.06 percent to P139.50.
Market bellwether SM Investments declined by 0.07 percent, although it had a high of P708.50. Ayala Corp. was also down 0.79 percent to P567, but it rose to as much as P574.
Jollibee Foods surged 4.10 percent to P208.20, while Global Ferronickel gained 8.24 percent to P1.84.
Value turnover amounted to P9.15 billion, 50 percent higher as foreign investors came in with optimism about the economy. Foreign trades reached P9.67 billion, with net foreign buying of P830 million on purchases of P5.25 billion and sales of P4.42 billion.
There were 106 gainers, 89 losers, and 69 shares unchanged, including ICTSI, PNB, SPNEC, Petron, Abacore, Belle Corp., Semirara Mining, Megawide, PhilSeven, Globe Telecom, and Figaro Coffee.
Among the gainers were Maynilad, Ayala Land, Cebu Air, Metrobank, Monde Nissin, Axelum, SM Prime, San Miguel, and Robinsons Land. Among the losers were Meralco, Aboitiz Equity, DigiPlus, Philex Mining, Atlas Mining, Union Bank, the PSE, and AREIT RT.
![TFD [LOGO] (10).png](https://static.wixstatic.com/media/bea252_c1775b2fb69c4411abe5f0d27e15b130~mv2.png/v1/crop/x_150,y_143,w_1221,h_1193/fill/w_179,h_176,al_c,q_85,usm_0.66_1.00_0.01,enc_avif,quality_auto/TFD%20%5BLOGO%5D%20(10).png)










