PSEi falls on poor investor sentiment
The benchmark Philippine Stock Exchange Index (PSEi) fell on Monday given poor investor sentiment in the region and as violence erupted during the ongoing Hong Kong protests.
Without major local drivers, the PSEi lost 0.7 percent or 56.38 points to 8,009.38 while the broader all-shares index lost 0.7 percent or 34.52 points to 4,789.28.
Nevertheless, trading volume was thin with 827.87 million shares valued at P5.39 billion changing hands. There were 107 decliners versus 77 gainers while 47 companies closed unchanged.
Negative sentiments also pulled down all subsectors yesterday.
The biggest losers were mining and oil, down 2.42 percent; followed by property, down 1.14 percent; and financials, down 0.91 percent.
Andrew Tan’s holding company Alliance Global Group Inc. was the most actively traded on Monday as it gained 6.21 percent to P11.28 per share.
It was followed by BDO Unibank Inc., down 2.82 percent to P155; Ayala Land Inc., down 0.43 percent to P46.80; SM Prime Holdings, down 2.55 percent to P39.10; and Ayala Corp., up 0.88 percent to P856 per share.
Other actively traded stocks were Emperador Inc., up 4.29 percent to P7.30; Jollibee Foods Corp., down 1.75 percent to P224; DMCI Holdings Inc., up 3.54 percent to P7.90; SM Investments Corp., down 0.19 percent to P1,068 and Metropolitan Bank & Trust, up 1.26 percent to P68.40 per share.
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