PSE INDEX UP ANEW

The Philippine Stock Exchange (PSE) index today went up anew, foreigners now as net buyers with hefty value turnover, as the market anticipates better economic conditions with the vaccine roll out to close 41.07 points or 0.59 percent up to 7,065.55.

Value turnover reached P12.16 billion, with gainers ahead of losers, 127 to 104, with 40 shares unchanged and net foreign buying of P529 million for the first time this year in an auspicious anticipation of a bull run beginning with the Chinese Lunar New Year.

Dito CME was the most active stock with P2.816 billion in trades, as it went down by 52 centavos to P15.88, followed by Ayala Energy, with P912 million in trade as it rose by 6 centavos to P7.81.

Second liner Apollo Global was up by P0.037 to P0.250 on trades of P903 million.

Financials were up 0.33 percent, as the market sees better earnings for the banks.

Metrobank was up 15 centavos to P49.60 with foreign buying of P72 million.

Bank of PI and BDO Unibank had respective foreign buying of P157 million and P197 million, as they closed higher by 55 centavos to P86.55 and P1.40 to P112.50.

Market bellwether SM Investments, with foreign buying of P185 million out of total foreign buys of P3.162 billion, rose by P36 to P1,056, while market darling MerryMart lost 11 centavos to P6.95.

Jollibee Foods bucked a foreign selling of P57 million out the total foreign sell of P2.639 billion, to close P1.90 higher to P184.90.

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