PSE Index Up A Bit

The Philippine Stock Exchange (PSE) index today rose a bit to 6,335.91 points, up by 6.72 points or 0.11 percent with the industrials and the mining and oil spoiling what should have been a big upswing.

Photo Insert: The Philippine Stock Exchange (PSE) Index, August 15, 2023

The aforementioned declined by hefty amounts after key stocks dropped towards the close of trading after going up on bargain hunting.

Universal Robina, which went down by P5.80 to P119 or 4.65 percent after hitting a high of P124 that led to the 1.23 percent loss in the industrial sub-index, while top miner Semirara Mining went down by 1.61 percent or 50 centavos to P30.50 after hitting a high of P31.40 in the early going to push down the mining and oil sub-index to a 1.24 percent loss.

Financials rose by 0.25 percent, holding firms by 0.007 percent, services by 1.00 percent, and property by 0.60 percent.

Value turnover reached P24.8 billion, of which P21.6 billion came from block sales in the holding firms notably that of SM Investments, while there were 80 gainers, 99 losers and 42 shares unchanged.

Market bellwether SM Investments, emerged as the most active stock with P20 billion in trades as it lost P7 to P860 but not after hitting a high of P884.50.

The second most active stock was Ayala Land which gained 60 centavos to P29.65 on trades of P452 million, of which P165 million was net foreign buying while Bank of PI, the third most active, went up by 70 centavos to P114.60.

Net foreign buying amounted to P107 million on foreign buys of P1.88 billion and foreign sells of P17 billion BDO Unibank had net foreign buying of P70.8 million out of its trades of P266 million that resulted in a 20 centavo gain to P142, while Emperador had net foreign buying of P122 million out of its P152 million in trades that saw its share price go up by 5 centavos to P21.15.

Globe Telecom had net foreign buying of P113 million out of its trades of P137 million as it gained P65 to P1,915, while PLDT had net foreign selling of P40 million of its P60 million trades as it lost P15 to P1,260.

SM Prime had net foreign selling of P107 million out of its trades of P262 million resulting in a 5 centavo loss to P30.10.

Aboitiz Equity lost 40 centavos to P46.10, GT Cap[ital went up by P11 to P535 while Metrobank lost 10 centavos to P57.20, Jollibee Foods lost P1.40 to 246,20, Meralco gained P2.60 toP344.60, Puregold went down by 10 centavos to P27.50, Monde Nissin went down by a hefty 6.04 percent or 44 centavos to P6.85, while ICTSI gained P4.80 to P101.

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