Rise Of PSE Index Derailed Anew

The Philippine Stock Exchange (PSE) index's rise was derailed anew today as profit-takers cashed in their gains as it points to a new milestone level to post a 21.95 point or 0.30 percent decline to 7,230.15 points.

Photo Insert: The Philippine Stock Exchange (PSE) Index, October 27, 2021

Most active stock AC Energy which had trades of P740.8 million rose to a high of P12.54 but went down to a low of P12.04 before climbing back up to P12.10, up by just 12 centavos.

Second most active stock SM Prime hit a high of P35.45 but went down to close at P35.20 for a 20 centavo gain on trades of P740.06 million.

The other big-traded stocks also got hit by the profit-taking train with ICTSI posting a P6 decline to P183 after hitting a high of P190 and Bank of PI reaching a high of P87.50 before closing just P2 higher at P87 on trades of P398 million.

The financials just rose by 0.21 percent as BDO Unibank lost 30 centavos to P129.30 and Metrobank declined by 75 centavos to P48.75.

Aside from the financials, the other gainer was property which went up by 0.59 percent while the industrials went down by 1.81 percent, holding firms, by 1.60 percent, services by 0.40 percent, and mining and oil by 0.28 percent.

Market bellwether SM Investments lost P38 to P990 despite a high of P1,025, while Jollibee gained P9 to P244.20.

Value turnover was above average at P7.287 billion with 94 gainers, 104 losers, and 47 shares unchanged, including Monde, which closed at P16.34 on trades of P249 million. PLDT was up by P20 to P1,670 while Globe lost P126 to P3,022 and Dito similarly went down by 5 centavos to P7.10 although it hit a high of P7.30.

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