PSEi slips, closes below 7,000 | Inquirer Business
Close  

PSEi slips, closes below 7,000

/ 05:12 AM February 18, 2021

The benchmark Philippine Stock Exchange Index (PSEi) ended lower on Wednesday ahead of the release of more financial reports that were expected to reveal the full impact of the COVID-19 pandemic in 2020.

By the closing bell on Wednesday, the PSEi was down 1.1 percent, or 77.63 points, to 6,966.43 while the broader all shares index was down 0.83 percent, or 35.31 points, to 4,213.53.

ADVERTISEMENT

Financials and property companies dropped the most as these subsectors fell 1.57 percent and 1.43 percent, respectively.

All other subindices ended in the red on Wednesday.

FEATURED STORIES

Meanwhile, data from the PSE showed a total of 17.23 billion shares valued at P19.35 billion changing hands. There were 145 decliners versus 82 gainers while 45 companies closed unchanged.

Foreigners were also net sellers to the tune of P941.7 million.

SM Investments Corp. was the most actively traded on Wednesday as it slid lower by 0.93 percent to P1,060 per share.

It was followed by Dito CME Holdings Corp., down 1.11 percent to P17.78, Apollo Global Capital Inc., up 9.05 percent to P0.265, BDO Unibank Inc., down 3.12 percent to P105.60, and Premier Horizon Alliance, down 4.3 percent to P2.67 per share. —MIGUEL R. CAMUS

Read Next
Don't miss out on the latest news and information.

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 1997-2021 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.