Quantcast

PSEi up slightly in thin trade




The Philippine Stock Exchange Index (PSEi) edged higher Monday amid low trading volume, indicating that investors remained in a wait-and-see stance, analyst said.

The benchmark measure closed up 0.10 percent, or 6.34 points, at 6,627.36. The broader all-shares index, however, declined 0.07 percent to 4,029.44.

Sub-indices also closed mixed. Mining and oil, for instance, gained 2.32, the fastest Monday, while industrial and holding firms closed in the red, shedding 0.96 percent and 0.59 percent, respectively.

“Basically, the market is in consolidation and waiting for drivers,” said Astro del Castillo, managing director at First Grade Finance Inc.

Data from the PSE also showed that volumes remained thinner-than-usual, with less than a billion shares changing hands valued at P4.7 billion. There were 67 gainers against 74 decliners while 44 firms closed unchanged.

Del Castillo said volumes could improve as the second-quarter corporate earnings reporting seasons was about to begin.

“Hopefully corporate earnings will be positive as this will help prop up the environment,” he said.

Leading the roster of most actively traded stocks was SM Prime Holdings Inc., which gained 2.46 percent to P18.34.

This was followed by Manila Electric Co. (-0.72 percent to P275.60 ), Metropolitan Bank and Trust (+1.57 percent to 109.70), Philippine Long Distance Telephone Co. (+1.55 percent to P3,016) and Universal Robina Corp. (-2.27 percent to P124.80).

Other actively traded stocks were SM Investments Corp., Metro Pacific Investments Corp., Bloomberry Resorts Corp., Security Bank Corp. and Ayala Land Inc. Miguel R. Camus


Follow Us






Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

  • UrHONOR

    >>>PSEi up slightly in thin trade<<<

    PSEI is on diet lately. Masyado kasing tumaba ng husto kaya nag-di-diyeta muna bago magpapalakas at magpapatubo ng malalaking muscles. Pagkatapos nyan, magiging maskuladong-maskulado na ang PSEI at maraming magkakagusto sa kanyang mga porengers! :)



Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94
Advertisement
Advertisement
Marketplace