PSE Recovers Thursday Losses

The Philippine Stock Exchange (PSE) recovered its Thursday losses today, closing at its highest level of 6,729.14 points, up by 38.37 points or 0.57 percent.

The Philippine Stock Exchange (PSE) Index, December 6, 2024

Holding firms provided a breather for the index, with market bellwether SM Investments gaining 2.81 percent to ₱915, up by ₱25, bolstered by the gains in GT Capital.

Earlier in the session, the index dropped to a milestone low of 6,645.28 points during mid-trade as foreign investors remained net sellers. Value turnover amounted to ₱5.711 billion, with foreign buying and selling at ₱3.03 billion and ₱3.450 billion, respectively, resulting in net foreign selling of ₱419 million.

Among the sectors, Financials and Industrials posted losses of 0.19 percent and 0.12 percent, respectively.

On the other hand, Holding Firms gained 1.30 percent, Property rose by 0.22 percent, Services increased by 1.01 percent, and Mining and Oil edged up by 0.15 percent. Market breadth showed 91 gainers, 83 losers, and 62 shares unchanged.

Among the gainers, BPI emerged as the most active, trading ₱761 million worth of shares as its price rose by ₱2 to ₱130.

Other gainers included ICTSI, SM Prime, China Bank, Metrobank, AREIT, DoubleDragon, Converge, Globe Telecom, Cebu Air, PAL, Belle Corp, SSI Group, Wilcon Depot, Philodrill, Metrobank, Union Bank, Petron, Jollibee Foods, and Universal Robina.

Meanwhile, the losers were Ayala Land, Meralco, PNB, Security Bank, ACEN Corp, Alternergy, PSE, DITO CME, and Ayala Corp. Shares that remained unchanged included Semirara Mining, SPNEC, D&L Industries, Filinvest Land, Vitarich, AbaCore, Cosco Capital, and Nickel Asia.