PSE Index Up

The Philippine Stock Exchange index today went on a roller-coaster ride but emerged to close higher at 6,741.40 points, a gain of 0.82 percent.

Photo Insert: The Philippine Stock Exchange (PSE) Index, June 3, 2022

Market bellwether SM Investments' trading performance mirrored the sense of the market as it see-sawed between a low of P845.50 and a high of P865, its closing price for a gain of P9.

Similarly, the top two most active stocks SM Prime and Ayala Land provided the backdrop to the sense of the market.

SM Prime emerged most active with trades of P501.08 million after a volatile run of between P36.80 and P38.05 before closing at P7.90 for a 75-centavo gain. Ayala Land also had the same trading move as it snaked between a low and high of P29.50 and 30.10 before closing at P30 for a 45 centavo advance on trades of P380 million.

The property sub-index, as a result, turned in a gain of 1.38 percent on the back of SM Prime and Ayala Land's positive results.

Mining and oil posted the biggest advance of 2.28 points while financials gained 0.47 percent, industrials by 0.80 percent, holding firms by 0.66 percent, and services by 0.16 percent.

Semirara rose by P1.05 to P37, PLDT up by P45 to P1,937, BDO Unibank by 40 centavos to P128.50, Monde by 52 centavos to P14.50, Bank of PI by 90 centavos to P95, Meralco up by 7 to P369, and JG Summit up by P2.25 to P53.95.

The losers were Jollibee, down by P1.60 to P206.40, Converge down 40 centavos to P25.20, Solar Philippines down 10 centavos to P1.65 Aboitiz Equity down P1.20 to P51.20, and Universal Robina down 30 centavos to P106.40.

Metrobank was unchanged at P53

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