PSE Index Up Anew

The Philippine Stock Exchange (PSE) index today posted another marginal rise to 6,675.46 points, up by 16.87 points or 0.25 percent, with value turnover now at average.

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

The pessimism over the market's performance, however, was palpable in the number of decliners.

Industrials and mining and oil posted losses respectively at minus 0.28 percent and 1.70 percent while financials rose by 0.32 percent holding firms by 0.12 percent, services by 0.43 percent, and property by 0.93 percent.

The sentiment remained pessimistic with 98 losers against 66 advancers and 62 shares unchanged. Value turnover provided the silver lining with trades of P6.23 billion.

The three most active shares were SM Prime, whose share price went up by 60 centavos to P34.60 with trades of P547.8 million, BDO Unibank, which went up by 50 centavos to P136 on trades of P516 million, and Ayala Land, which saw its share price gain 5 centavos to P26 with trades of P482 million.

Market bellwether SM Investments lost P2 to P941 while Ayala Corp went up by P11.50 to P678, and JG Summit gained 5 centavos to P51.45. ACEN Corp, on the other hand, lost 7 centavos to P6 while PLDT lost p15 to P1,208, and Robinsons Land was down by 14 centavos to P14.68.

Closing out the list of shares in the red were NickelAsia, which lost 15 centavos to P6.19, and Monde, which slumped by 8 centavos to P9.32.

Bloomberry rose by 36 centavos to P11.36, ICTS was up by P2.40 to p208, Aboitiz Power by 25 centavos to P38.05, Manila Water, by 35 centavos to P20.60, Bank of PI by 30 centavos to P106.80, and Jollibee Foods by 60 centavos to P224.20.

Wilcon Depot and Megaworld were both unchanged respectively at P26.55 and P2.

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