PSE Index Sustains Momentum
- By The Financial District

- 12 minutes ago
- 2 min read
The Philippine Stock Exchange (PSE) index sustained its momentum Thursday, rising another level even as the mining and oil index declined.

It closed at 5,930.81 points, up by 117.10 points or 2.01 percent.
Banking stocks surged, with BDO Unibank rising by 4.08 percent to ₱132.50 and Bank of the Philippine Islands advancing by 2.98 percent to ₱110.70, pushing the financials to a hefty 2.56 percent gain.
Market bellwether SM Investments climbed by 1.58 percent to ₱710, while Ayala Corp. rose by 2.95 percent to ₱426, lifting the holding firms index by 1.38 percent.
Maynilad also shone anew, boosting optimism in the market as it advanced by 0.52 percent to ₱15.46. Foreign investors raised the ante with net foreign buying of ₱7.419 billion — the first time it reached such a large number.
Other gainers included the services index, up 1.13 percent despite losses in telco stocks Globe Telecom and PLDT, which declined by 0.55 percent to ₱1,620 and 0.08 percent to ₱1,289, respectively.
The property index also rose by 2.82 percent. DigiPlus, which closed lower by 1.11 percent to ₱26.70, registered two block sales transacted at ₱25.65 for a total trade value of ₱8.4 billion.
Highlighting market optimism is the fact that the block sale involved a foreign buyer and a local seller, and was traded through Venture Securities, a brokerage associated with DigiPlus shareholder Eusebio Tanco.
Mining and oil slipped as OceanaGold lost 3.01 percent to ₱27.35 and Philex Mining retreated by 1.25 percent to ₱7.91.
Total trades amounted to ₱15.68 billion, with foreign buying at ₱11.6 billion and foreign selling at ₱4.249 billion. There were 96 gainers, 72 losers, and 66 unchanged issues, including Cebu Air, Belle Corp., Citicore REIT, Vista Land, Semirara Mining, Petron, and Philodrill.
Among the gainers were ICTSI, SM Prime, Ayala Land, Jollibee Foods, Puregold, PNB, Security Bank, Topline, San Miguel, Monde Nissin, GT Capital, Haus Talk, and Universal Robina.
Among the losers were Ginebra, SPNEC, Apex Mining, Steniel, Union Bank, Integrated Micro, LT Group, AREIT REIT, DoubleDragon, ACEN, and Megaworld.





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