outbrain
Close  

PSEi moves 0.29% up

/ 05:12 AM July 09, 2020

The benchmark Philippine Stock Exchange index (PSEi) edged higher on Wednesday after President Duterte expressed caution overnight about fully reopening the economy amid the recent surge in new coronavirus cases in the country.

The PSEi went up 0.29 percent or 18.10 points to 6,285.50 while the broader all-shares index was up 0.16 percent or 5.92 points to 3,683.75.

ADVERTISEMENT

Gains came after Mr. Duterte said the economy would be reopened gradually. The Philippines now has the second highest number of COVID-19 cases in Southeast Asia after Indonesia.

Subsectors on Wednesday ended mixed. Holding firms and services gained 1.2 percent and 0.67 percent, respectively, while losers were led by mining and oil and industrials, down 1.17 percent and 1 percent, respectively.

FEATURED STORIES

Property and financial companies lost 0.74 percent and 0.39 percent, respectively.

Value turnover hit P8.72 billion. There were 82 gainers versus 106 decliners while 44 companies closed unchanged.

The Consunji family’s DMCI Holdings Inc. was the most actively traded on Wednesday as it gained 1.2 percent to P4.22 per share.

It was followed by PLDT Inc., up 3.93 percent to P1,348; BDO Unibank Inc., down 2.45 percent to P95.60; Universal Robina Corp., down 1.9 percent to P124.10, and Ayala Land Inc., down 2.31 percent to P33.90 per share.

Subscribe to Inquirer Business Newsletter
Read Next
EDITORS' PICK
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: Local Stock, Philippine Stock Exchange index (PSEi)
For feedback, complaints, or inquiries, contact us.


© Copyright 1997-2020 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.