PSE Index Up Anew

The Philippine Stock Exchange (PSE) index rose again Tuesday, nearing a milestone level. It briefly enjoyed this new level before closing at 6,299.05 points, a gain of 26.59 points or 0.42 percent.

The Philippine Stock Exchange (PSE) Index, June 25, 2024

Services and property sectors carried the day for the index, posting rises of 2.25 percent and 1.47 percent respectively. Top-traded ICTSI gained 4.53 percent to PHP 346, up by PHP 15.

Additionally, Globe Telecom and PLDT added to the sub-index’s luster.

Property giants SM Prime and Ayala Land also gained as foreign selling subsided, resulting in a net foreign buying of PHP 28.9 million. However, value turnover was a third lower than average at PHP 4.17 billion, with 93 gainers, 92 losers, and 52 shares unchanged.

Financials increased by 0.27 percent and mining and oil rose by 0.17 percent, while holding firms dropped by 0.92 percent as market bellwether SM Investments declined.

Among the gainers were BDO Unibank, Phil. Seven, Bank of PI, Union Bank, ACEN Corp, Cosco Capital, JG Summit, Cemex Holdings, Megawide, Meralco, Manila Water, Ginebra, Emperador, D&L Industries, DoubleDragon, DITO CME, GMA-7, DigiPlus, Belle Corp, Universal Robina, and Ferronickel.

The losers included Security Bank, GT Capital, Aboitiz Equity, Metrobank, PNB, Aboitiz Power, Roxas and Co, Ayala Corp, LT Group, Semirara Mining, OceanaGold, Monde Nissin, Figaro Coffee, Cebu Air, and PAL.

Among the unchanged were Petron, Alternergy, Shell Pilipinas, Jollibee Food, SPNEC, Abacore, Megaworld, and Cebu Landmasters.