PSE Index Up

The Philippine Stock Exchange (PSE) index again tried to pierce a new milestone level but failed anew although it closed a tad higher at 6,960.89 points, up by 37.20 points or 0.54 percent.

Photo Insert: The Philippine Stock Exchange (PSE) Index, October 4, 2021

Analysts see the index again trying to hit the 7,000-point level although the usual trading performance in the last 10 trading days continued with the market opening a bit higher and going up to a new level but is frustrated in the process by sell-downs on profit-taking.

The industrials were the lone loser among the sub-indices as it declined by 0.31 percent with the mining and oil index up by a hefty 2.06 percent on the rise in the share price of Semirara Mining which went up by P1.65 to P23.95 on trades of P235 million.

The other gainers were the financials, up 0.53 percent, holding firms, by 1.35 percent, services, by 0.14 percent, and property by 0.52 percent on the gains in Ayala Land, which went up by 10 centavos to P32.75, and SM Prime, up 25 centavos to P32.80.

Market bellwether SM Investments was up by P15 to P990 on trades of P91 million while Manila Water rose by P1.32 to P19.80. Emerging the most active stock was Converge with a 5 centavo gain to P40, followed by AC Energy, which rose by 30 centavos to P11.92.

Monde also rose by 26 centavos to P19.06 while DMCI Holdings gained 41 centavos to P7.70.

Value turnover was below average at P5.6 billion while there were 93 gainers and 93 losers with 55 shares unchanged.

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