PSE Index Up A Bit Anew

The Philippine Stock Exchange (PSE) index today rose a bit anew in another lackluster trading for the lack of a catalyst closing at 6,398.64 points, up by 18.92 points or 0.30 percent although it briefly flirted above a new milestone level.

Photo Insert: The Philippine Stock Exchange (PSE) Index, July 11, 2023

Only the industrials posted a loss declining by 0.31 percent while the property sub-index registered the biggest gain of 1.25 percent in another volatile market that saw the index hit a high of 6,430.28 points and a low of 6,385.44 points.

Financials went up by 0.21 percent, holding firms up by 0.15 percent, services rose by 0.38 percent, and mining and oil by 0.39 percent.

Value turnover was just half of the average trades with P3 billion with 96 gainers, 87 losers and 41 shares unchanged.

Ayala Land was the most active with p224 million in trades as it gained 45 centavos to P24.70 followed by Bank of PI with trades P211 million as it went up by 40 centavos to p109.

Market bellwether SM Investments was up by P2.50 to P910.50 with trades of P190 million.

Among the gainers were BDO Unibank, which went up 40 centavos to P136, Ayala Corp, up P1.50 to P603.50, SM Prime, up 45 centavos to P32.35, JG Summit, up 45 centavos to P44.10, ACEN Corp, up 2 centavos to P5.19, PLDT, up P10 to P1,310, and Digiplus Interactive, up 8 centavos to P4.18.

The losers were Universal Robina, which was down P3.30 to P134, Metro Pacific, down 1 centavo to P4.91, ICTSI, down 20 centavos to P200.20, Greenergy Holdings, down 8 centavos to P0.58, and Globe Telecom, down p8 to P1,834.

Rounding out the list of sinking were Union Bank down 25 centavos to P74.15, Converge, down 4 centavos to P10.60, and Monde Nissin, down 5 centavos to P8.13. Jollibee Foods and Metrobank were unchanged at P236 and P54, respectively.

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