• The Financial District


The Philippine Stock Exchange (PSE) today posted a gain after a roller-coaster ride where it gravitated between a loss and a gain until the last 30 minutes of trade, finishing with a higher 34.47 points or 0.60 percent performance at 5,772,86 points.

Foreigners were again net sellers with P1.116 billion in difference between foreign buying of P1.715 billion against foreign selling of P2.831 billion with property giant Ayala Land, number one bank in terms of asset BDO Unibank and market bellwether SM Investments being sold down the trading stretch.

ALI lost 10 centavos to close at P26.90 and emerged the most active stock with value turnover of P617 million with foreigners selling P343 million while BDO closed higher by 45 centavos to P86.20 even with foreign selling of P143 million. SM Investments lost P4 to P836.50 with foreigners outing P100 million.

Value turnover was a bit low at P5.27 billion indicating the lack of interest from the locals who take to heart the ghost month which is 13 days away. There were, however, 105 gainers against 77 losers with 48 shares unchanged.

All indices were up, save for the property sector which lost 0.21 percent on account of the loss of ALI. The financials recovered by 1.17 percent, the industrials, by 0.75 percent; the holding firms, 0.50 percent, services, 1.39 percent and the mining and oil, by 0.07 percent.

Market darling MerryMart also went through a see-saw trade hitting a low of P2.99 and a high of P3.10 and it closed 5 centavos lower at P3.01. The other losers include SM Prime which went down by 10 centavos to P27.95 even with foreign buying of P76 million. The other stocks that had net foreign buying performances were Manila Water with P10 million Century Pacific with P28 million and ICTSI with P10 million.

Telco stocks had differing performances with a P40 gain for Globe at P2,090 unchanged for PLDT at P1,450 and a gain for Dito, which closed at P3.33, up by 2 centavos. Globe had foreign selling of P30 million while PLDT, P66 million.

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@2020 by The Financial District