Close  

Earnings season is coming: PSEi stands ground

/ 05:14 AM April 25, 2019

The benchmark Philippine Stock Exchange Index (PSEi) gained on Wednesday as investors geared for the first quarter earnings season.

The PSEi added 0.36 percent or 28.06 points to 7,846.99 while the broader all shares index was up 0.14 percent or 7.01 points to 4,846.05.

ADVERTISEMENT

Jose Mari Lacson, ATR Asset Management head of research, said investors were looking forward to the earnings season, which is expected to commence the following week.

He said there was room for the PSEi to rise, given the target of 8,500 for 2019.

FEATURED STORIES

On Wednesday, subsectors came in mixed, with financials, industrial and services closing in the red. Gainers were led by mining and oil and the holding firms subindices.

Total volume hit 652.13 million valued at P8.1 billion. There were 105 decliners against 87 gainers, while 51 companies closed unchanged, data from the PSE showed.

Ayala Land Inc. was the most actively traded on Wednesday as it gained 2.13 percent to P48. The builder announced a plan to launch a $500-million Real Estate Investment Trust offer within the year.

It was followed by Ayala Corp., up 2.2 percent to P884; International Container Terminal Services Inc., down 4.78 percent to P121.40; Jollibee Foods Corp., down 0.6 percent to P300.40; and BDO Unibank Inc., unchanged at P133 per share. —MIGUEL R. CAMUS

Read Next
LATEST STORIES
MOST READ
Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Jose Mari Lacson, Local Stock, Philippine Stock Exchange index (PSEi)
For feedback, complaints, or inquiries, contact us.
entertainment

Opening this week

July 17, 2019 12:12 AM

entertainment

A second MMFF in summer mulled

July 17, 2019 12:11 AM



© Copyright 1997-2019 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.