PSE Index Recovers To Hit Previous Milestone

The Philippine Stock Exchange (PSE) index recovered today, rising again to its previous milestone level at 6,501.00, up by 31.77 points or 0.49 percent.

The Philippine Stock Exchange (PSE) Index, December 22, 2023

Financials posted a loss, while the other five sub-indices experienced gains in muted trade. ACEN Corp emerged as the most active stock, with trades of P425 million and an 11.86 percent rise.

After two weeks of declines, it closed the day at P4.15, up by 44 centavos. Ayala Land followed with P255 million in trades, gaining by 25 centavos to reach P34.10. Market bellwether SM Investments rose by P1.50 to P904.50 on trades of P192 million.

Financials experienced a 0.29 percent decline, while industrial rose by 1.68 percent. Holding firms increased by 0.41 percent, services by 0.43 percent, mining and oil by 0.26 percent, and property by 0.54 percent.

Value turnover amounted to almost half of the average at P3.21 billion, with 105 gainers, 63 losers, and 58 shares unchanged. Foreign buying amounted to P1.572 billion, and foreign selling hit P1.659 billion for a net foreign selling of P87 million.

Among the gainers were ICTSI, Jollibee Foods, Ayala Corp., Security Bank, Union Bank, Philippine National Bank, Meralco, Manila Water, Emperador, Robinsons Land, Globe Telecom, Monde Nissin, Megawide, Aboitiz Equity, Alliance Global, JG Summit, LT Group, and Megaworld.

The losers included BDO Unibank, Metrobank, First Gen, Aboitiz Power, Petron, Axelum, PLDT, and Semirara Mining, while Universal Robina, Century Food, San Miguel, and Nickel Asia were unchanged.

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