• The Financial District


The Philippine Stock Exchange (PSE) rose again today bucking an early decline as many blue chips performed well with the index to finish 22.63 points or 0.39 percent ahead at 5,864.23 points.

The financials were hit hard together with the industrials but the property sector offset the losses. Also helping in the index's rise was the upswing in holdings, services, and mining and oil subsectors.

Value turnover amounted to P5.477 billion with 91 gainers, 98 losers and 49 shares unchanged with net foreign selling still continuing.

Net foreign selling stood at P585 million with total foreign buying of P1.756 billion and foreign selling of P2.342 billion. Bank stocks Bank of PI lost P1 to close at P64 while BDO Unibank went down by 25 centavos to close at P86.25. Metrobank also lost by 55 centavos to P38.20.

BDO and BPI had foreign selling of P103 and p62 million, respectively, while Metrobank had foreign buying of P71 million.

SM Prime was the day's most active stock transacting P710 million worth as it went up by 90 centavos to P29.40.  It had foreign buying of 405 million done via cross sale. 

Market bellwether SM Investments was unchanged at P880 with total trade of P273 million, of which P138 million was foreign selling.

Jollibee Foods again rose to P145 up 20 centavos as foreign hit P110 million. 

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