PSE Index Up Anew In Thin Trading

The Philippine Stock Exchange (PSE) index was up in thin trade again today with a four-day weekend on the horizon, rising just by 1.64 points or 0.03 percent to 6,566 points.

Photo Insert: The Philippine Stock Exchange (PSE) Index, December 28, 2022

Market bellwether SM Investments paced the market with trades of P404 million as it closed lower at P910, down by P20 despite a high of P930. PLDT was second most active with P265 million with a hefty rise of 4.04 percent as investors pushed up the stock price on bargain hunting when it scoured its low of P1,276.

BDO Unibank was third most active with trades of P225 million as it closed unchanged at P105.90 while Bank of PI was also unchanged at P99.

Financials rose by 0.35 percent, industrials declined by 0.11 percent, holding firms were up by 0.03, services went up by 1.24 percent, mining and oil by 1.38 percent and property went down by 0.73 percent.

Value turnover amounted to just p3. 69 billion with 110 gainers, 69 losers, and 47 shares unchanged. Converge rose by a huge 6.53 percent to close at P15.66, up by 96 centavos on bargain hunting.

With PLDT's rise and Globe Telecom finishing higher by P68 to P2,237, the services index rose even with the drop in ICTSI, which lost P2 to P198.

Among the gainers were ACEN Corp, up by 6 centavos to P7.64, Jollibee Foods up by a peso to P230, Ayala REIT, up by 65 centavos to P35.50, Alliance Global by 10 centavos to P11.70, GT Capital, up by P3.60 to P441.60, and DM Consunji up by 2 centavos to P11.42.

Monde went down by 34 centavos to P11.32 SM Prime, down 60 centavos to P34.90, and Agri Nurture by 3 centavos to P7.03.

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