PSE Index Closes In On Another Milestone Level

The Philippine Stock Exchange (PSE) index rose today, reaching a new milestone level before dipping slightly but remaining within reach of another rise.

The Philippine Stock Exchange (PSE) Index, July 15, 2024

The index closed at 6,689.37 points, up by 41.14 points or 0.62%.

Gainers nearly doubled the number of losers, with 117 gainers to 59 losers, and 52 shares remained unchanged. Despite this, foreign investors were net sellers. The financials sub-index lost 0.08%, and the services sub-index went down by 1.07%.

Holding firms, led by market bellwether SM Investments, surged by 1.74%, while the industrial sub-index rose by 0.28%, property by 1.91%, and mining and oil advanced by 1.07%.

Value turnover amounted to P5.217 billion, with net foreign selling of P46.1 million on foreign buying of P2.001 billion, while foreign selling amounted to P2.048 billion. Ayala Land emerged as the most active stock, with P870.6 million in trades, rising by P1.10 to P30.70.

It was followed by SM Investments, which closed at P900, up by P20 on trades of P436 million. The index reached a high of 6,738.12 points and a low of 6,635.27 points.

Among the gainers were Jollibee Foods, SM Prime, BDO Unibank, Alliance Global, Aboitiz Equity, Cosco Capital, Megawide, Universal Robina, Monde Nissin, GT Capital, LT Group, Robinsons Land, Megaworld, ABS-CBN, DigiPlus, Puregold, Robinsons Retail, Cebu Air, Aboitiz Power, Apex, Atlas Mining, Philex Mining, Haus Talk, Nickel Asia, Security Bank, Union Bank, ACEN Corp, and Semirara Mining.

Among the losers were ICTSI, Bank of PI, Alternergy, First Holdings, Meralco, Wilcon Depot, Belle Corp, Ferronickel, OceanaGold, Philodrill, and Roxas and Co.

The unchanged stocks included BDO Unibank, JG Summit, SPNEC, PAL, MRC Allied, Bloomberry, Abacore, Manila Water, Citicore RRE, San Miguel Food and Beverage, CEMEX Holdings, and Figaro Coffee.