PSE UP MARGINALLY MERRY MART SIZZLES
The Philippine Stock Exchange index up marginally in normal trade volumes even as market darling sizzled anew in today's trading.
Value turnover reached P7.32 billion in PSE' s nominal rise by 32.36 points or 0.51 % to close higher at 6,347.43 points in trading that had more decliners than gainers.
There were 87 gainers against 113 losers with 47 shares unchanged in a market that is still held hostage by the rising number of infected persons in this Covid 19 pandemic.
But market darling Merry Mart continued to perk up interest with investors plunking total trades of P686.29 million .making it the most active stock and top gainer as well.
Merry Mart closed at P3.60 for a 22.03 % surge with market punters saying that it is still trying to ascertain at what price will it stabilize .
The financials sector accounted for the redeeming rise in the index that has hovered between the 6,200 to 6,600 level , the volatility a result of the changing fortunes from the pandemic.
BDO and BPI , the two Asian banks ensnared in the Wildcard lost deposit saga, had contrasting trades today. BDO lost a peso to close at P99 in brisk trading valued at P335 million while BPI rose by 40 centavos to P73 with turnover of P152 million.
The other notable gainers were Metrobank, Union Bank, Security Bank RCBC.
Other gainers were SM Investments which closed P11 higher and Dito Telecom which rose by 49 centavos on a big trade of P456 million. Emperador and Ayala Land posted losses.