PSE Index Up Anew

The Philippine Stock Exchange (PSE) index closed higher again yesterday with investors picking up bargains with value turnover almost normal as it went up by 31.70 points or 0.44 percent.

Photo Insert: The Philippine Stock Exchange (PSE) Index, December 28, 2021

Total turnover amounted to P5.09 billion, which while still P1 billion shy of the average provides a flickering optimism to the market as it picked up pace towards the close, its highest point after going down to a low of 7,219.78 points.

Market bellwether SM Investments provided the backdrop to today's trading as it hit a low of P965.50 that had bargain hunters coming in to push the price up to P989 before closing a notch lower to P987, up by p12.

Except for the property sub-index which lost slightly by 0.13 percent, all others showed gains although below one percent except for the mining and oil which rose by 1.54 percent.

Solar was most active with p678 million though it closed 7 centavos lower to P1.31, followed by SM Prime which advanced by 10 centavos to p34.60 with trades of P675 million. Metrobank was unchanged at P65 with p221 million.

Among the 115 gainers were ICTSI, up P6 to p204, Megaworld REIT, up 16 centavos to P18.40, Emperador, up 98 centavos to P20.50, and Megaworld, up 11 centavos to P3.25.

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