top of page
  • Writer's pictureBy The Financial District

PSE Index Up A Bit In Volatile Run

The Philippine Stock Exchange (PSE) index rose slightly Monday in a volatile session, closing at 6,470.74 points, up by 37.64 points or 0.59 percent. The sub-indices closed mixed, with foreign selling continuing.


The Philippine Stock Exchange (PSE) Index, June 3, 2024



Financials and Property registered gains of 3.19 percent and 2.05 percent, respectively, while Mining and Oil gained 1.03 percent. Services lost 1.60 percent, Holding Firms were down by 0.88 percent, and Industrial declined by 0.21 percent.


The index nearly dropped to a milestone level, hitting a low of 6,410.48 points before rising on bargain hunting to 6,472.52 points.



Megaworld REIT was the most active, with trades of P993 million transacted by BDO Securities in a cross-sale with Aurora Securities. Proceeds from the transaction will be disclosed later by Megaworld in its report on its reinvestment plan.


Market bellwether SM Investments went down to P853 on trades of P422 million.



However, there were three block sales priced at P870 and P871, amounting to about P600 million. Ayala Corp, which also declined, had three block sales worth P349 million.


Value turnover amounted to P6.78 billion, while foreign buying reached P2.882 billion, and foreign selling was P3.453 billion, resulting in net foreign selling of P571.3 million. There were 90 gainers, 103 losers, and 45 shares unchanged.



Among the gainers were Ayala Land, SM Prime, BDO Unibank, Aboitiz Equity, Metrobank, Bank of the Philippine Islands, Converge, Nickel Asia, AbaCore, GT Capital, Jollibee Foods, Cebu Air, PAL, Phil. Seven, Atlas Mining, First Gen, Union Bank, Monde Nissin, San Miguel, Ayala REIT, D&L Industries, Emperador, SPNEC, Megaworld, Cebu Landmasters, Figaro Coffee, and Synergy Grid.



The losers included ICTSI, Universal Robina, Ayala Corp, Roxas and Co., Security Bank, Meralco, Manila Water, Petron, Aboitiz Power, ACEN Corp, Puregold, Alliance Global, Belle Corp, Bloomberry, ABS-CBN, GMA7, Century Food, JG Summit, Semirara Mining, PLDT, and Globe Telecom.


Unchanged were PNB, Alternergy, Cosco Capital, Cemex Holdings, Megawide, and Philex Mining.




Comments


bottom of page