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PSE Index Up A Bit
- By Lito U. Gagni
- Jan 25, 2023
- 2 min read
The Philippine Stock Exchange (PSE) index today rose a bit, posting a gain of 39.86 points or 0.57 percent with just one of the sub-indexes posting a loss in another subdued trading as the initial market euphoria for a bullish sentiment quieted down on the back of lack of snappy news to reinvigorate the market.
Photo Insert: The Philippine Stock Exchange (PSE) Index, January 25, 2023
Only the mining and oil declined, losing 0.48 percent while the financials went up by 0.12 percent, industrials by 0.08 percent, the holding firms by 0.69 percent, services by 1.10 percent, and property by 0.51 percent.
The rise in port operator ICTSI, which was the most active stock with P349 million, to P216.60, a gain of P4.60, as well as Globe Telecom which went up by P30 to P2,150 and PLDT, which rose by P43 to P1,547 pushed the services to a gain of more than one percent as against the sub-one-percent rise in the others indicating the diminished interest and the drop in bullish sentiments.
Jollibee Foods and Ayala Land, the second and third most active stock with respective trades of P326 million and P291 million, were two of the four losers in the top 20 most active stocks showing the still-murky trend in the local market that signifies the mixed sentiments over the listed shares.
Aside from the food giant which lost P2 to P244 and the property giant which went down by 5 centavos to P32.80, the other decliners were Union Bank, down by 50 centavos to P93.50, and BDO Unibank which dropped by 40 centavos to P122.5.
Market bellwether SM Investments was unchanged at P945.
The gainers were Cemex Holdings, up by a hefty 13.73 percent to P1.16, a gain of 14 centavos, Robinsons Land, up by 68 centavos to P16.50, Ayala Corp up by P4 to P749, DM Consunji, up 34 centavos to P12.80, Figaro Coffee, up 3 centavos to P0.89, Metro Pacific, up 1 centavo to P4.36, GT Capital, up by P5.50 to P511, ACEN Corp, up by 15 centavos to P7.50, Bank of PI, up by 90 centavos to P109.20, SM Prime, up by 30 centavos to P37.80, JG Summit, up by P1.30 to P56.50, and Emperador, up by 55 centavos to P20.90.
