PSE Index Up Anew

The Philippine Stock Exchange index today rose a bit, up by 17.46 points or 0.28 percent to 6,286.24 points but value turnover remained low as uncertainty still rules the market.

Photo Insert: The Philippine Stock Exchange (PSE) Index, July 19, 2022

Value turnover was just at P3.79 million as investors grapple with the lack of comforting news from the local and global sources with bargain hunters buying the dips resulting in the small rise in the index.

Five of the sub-indices rose while the financials posted a hefty loss of 1.56 percent on investors pocketing gains. Industrials went up by 0.38 percent, holding firms by 1.04 percent, services by 1.38 percent, mining and oil by 2.55 percent, and property by 0.26 percent.

Market bellwether SM Investments went up by 1.92 percent or P15 to P796 on trades of just P76 million while most active stock ICTSI rose on bargain hunting, closing at P186, up by P8 or 4.49 percent on trades of P459 million.

Ayala Land went down on profit-taking after its Monday's 10 percent gain to end the day with a 45-centavo decline to P24.40, down by 1.81 percent.

BDO Unibank lost P3. 50 to P117.50, Bank of PI went down by 10 centavos to P89.40, and Metrobank declined by P1.20 to P45.70. Security Bank also lost 50 centavos to P89.50 while Jollibee went down by P2.20 to P210.20.

Monde also went down by 12 centavos to P13.90 and PLDT by P32 to P1,654.

Among the gainers were Emperador up by 12 centavos to P13.90, JG Summit up by P1.15 to 52.05, Ayala Corp up by P10.50 to P610, Nickel Asia up by 16 centavos to P5.17, AC Energy up 2 centavos to P8.25, and SM Prime up 40 centavos to P37.85.

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