PSE Index Back In Green Territory

The Philippine Stock Exchange (PSE) index today recovered, closing at 6,753.12 points, up by 41.07 points or 0.61 percent, with foreign investors as net buyers.

The Philippine Stock Exchange (PSE) Index, July 23, 2024

This trading performance marked the index's highest price point after the market opened low and declined to a milestone level of 6,686.71 points before recovering to its close, with two of the sub-indices posting losses.

The property sector went down due to profit-taking, with a 1.62 percent decline.

Top-traded Ayala Land, with P440 million in trades, lost 30 centavos to P31.60, though it dropped as low as P30.95. Market bellwether SM Investments mirrored the index's performance, experiencing volatile trade with a low of P902.50 and a high of P927 before settling at P922, up by P19.

Value turnover amounted to P5.47 billion, with 67 gainers, 93 losers, and 74 shares unchanged. Foreign buying amounted to P3.460 billion, and foreign selling hit P3.017 billion, resulting in net foreign buying of P422 million.

Among the gainers were ICTSI, Metrobank, Ayala Corp, Philweb, ACEN Corp, Meralco, Synergy Grid, JG Summit, Cebu Air, Oceana Gold, Century Food, Emperador, Jollibee Foods, and Monde Nissin.

Roxas and Co., Universal Robina, CEMEX Holdings, Megawide, Alliance Global, Nickel Asia, Converge, PLDT, Globe Telecom, Cebu Landmasters, AREIT, San Miguel, DMC Holdings, and Wilcon Depot were also up.

Among the losers were BDO Unibank, SM Prime, PNB, Bloomberry, Alternergy, Basic Energy, Citicore RE, First Gen, GT Capital, Steniel, Shakey's Pizza, Figaro Coffee, D&L Industries, Semirara Mining, Petron, and Aboitiz Equity.

The unchanged stocks were Bank of PI, Digiplus, China Bank, Security Bank, Union Bank, Aboitiz Power, Manila Water, Atlas Mining, Apex Mining, Haus Talk, Ginebra, SPNEC, and Cosco Capital.