PSE Index Up In Hefty Volume

The Philippine Stock Exchange (PSE) index posted a hefty gain today, climbing to a higher level with all indices in the green and closing at 6,850.00 points, up by 69.87 points or 1.03%.

The Philippine Stock Exchange (PSE) Index, November 25, 2024

Buying activity surged after the recess, with the industrial sector, initially down by 0.13%, ending the day up by 0.76%. Mining and oil, which earlier dipped by 0.15%, closed 0.15% higher.

The financial sector rose by 0.07%, despite top-traded BDO Unibank closing at its lowest price of ₱151.70, down by 30 centavos after reaching an intraday high of ₱156.90.

Holding firms jumped 1.84%, buoyed by gains in Ayala Corp, Aboitiz Equity, and JG Summit, which offset a ₱1 drop in market bellwether SM Investments to ₱882, following a peak of ₱922.50.

Meanwhile, the property and services sectors increased by 0.02% and 2.06%, respectively.

Value turnover surged by over 50% compared to the average, reaching ₱9.717 billion, despite net foreign selling of ₱308 million. Foreign buying amounted to ₱6.903 billion, while foreign selling totaled ₱7.212 billion.

Market breadth was slightly positive, with 94 gainers, 91 losers, and 64 shares unchanged.

Among the gainers were SM Prime, Meralco, Metrobank, Top Frontier, Semirara Mining, DigiPlus, Security Bank, PLDT, Converge, Apex Mining, Robinsons Land, Manila Water, DoubleDragon, Philex Mining, SSI Group, First Gen, Megawide, SPNEC, Vitarich, Nickel Asia, PXP Energy, Aboitiz Equity, Aboitiz Power, and Citicore RE.

On the losing side were Bank of the Philippine Islands (BPI), Ayala Land, PNB, OceanaGold, Cebu Air, Alliance Global, Megaworld, Belle Corp, Monde Nissin, and ACEN Corp.

Unchanged stocks included GT Capital, ABS-CBN, Filinvest Land, Globe Telecom, Philodrill, Haus Talk, Citicore RT, San Miguel, and CEMEX Holdings.