PSEi slightly up | Inquirer Business

PSEi slightly up

By: - Business Features Editor / @philbizwatcher
/ 05:33 PM August 03, 2017

The local stock barometer firmed up slightly on Thursday as investors scouted for fresh leads from the second quarter corporate earnings season.

The main-share Philippine Stock Exchange added 4.01 points or 0.05 percent to close at 7,876.66. Across the region, stock markets were mostly sluggish.

“Philippine shares traded on a lackluster note as investors continue to digest earnings and stay on the sidelines as evident by reduced trading volumes,” said Luis Gerardo Limlingan, managing director at local stock brokerage Regina Capital Development.

Article continues after this advertisement

The financial, industrial, services and property counters firmed up while the holding firm and mining/oil counters slipped.

FEATURED STORIES

Value turnover for the day amounted to P5.74 billion. There were 114 decliners that edged out 83 advancers while 54 stocks were unchanged.

There was net foreign buying amounting to P135.67 million for the day.

Article continues after this advertisement

Meralco rose by 2.19 percent while Megaworld went up by 1.7 percent.

Article continues after this advertisement

BDO, AC, Semirara, SM Investments and PLDT also firmed up.

Article continues after this advertisement

Outside of the PSEi, notable gainers included DoubleDragon (+8.44 percent) and GERI (4.43 percent).

On the other hand, JG Summit fell by 2.06 percent while Metrobank and GT Capital slipped by over 1 percent.

Article continues after this advertisement

SM Prime, Ayala Land, URC, Jollibee and AGI all declined.

Notable non-PSEi decliners included Bloomberry (-3.19 percent) and Cemex (-1.32 percent).//30

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

TAGS: Philippine stocks, PSEi

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our newsletter!

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

© Copyright 1997-2024 INQUIRER.net | All Rights Reserved

This is an information message

We use cookies to enhance your experience. By continuing, you agree to our use of cookies. Learn more here.