PSEi up slightly as quarantine restrictions stay in NCR

The benchmark Philippine Stock Exchange index (PSEi) rose marginally on Tuesday after the government task force managing the COVID-19 pandemic recommended the same general community quarantine restrictions in Metro Manila and nearby areas until July 15.By the closing bell, the PSEi had gained 0.27 percent, or 18.69 points, to 6,956.65 while the boarder all-shares index was up 0.42 percent, or 17.76 points, to 4,262.37.

Trading volumes were relatively low with 1.8 billion shares valued at P5.2 billion changing hands on Tuesday.

There were 96 gainers versus 113 decliners while 41 companies closed unchanged.

Most subsectors closed higher, led by financials, up 1.5 percent, followed by holding firms, services and mining and oil. The property and industrial subsectors sank 0.68 percent and 0.11 percent, respectively.

Real estate giant Ayala Land Inc. was the most actively traded on Tuesday as it declined 1.5 percent P36.15 per share.It was followed by Monde Nissin Corp., up 2.82 percent to P16.04; BDO Unibank Inc., up 1.59 percent to P115; International Container Terminal Services Inc., up 0.31 percent to P161.90; and SM Investments Corp., up 1 percent to P1,015 per share.

Other actively traded names were Globe Telecom Inc., down 0.54 percent to P1,830; Ayala Corp., up 1 percent to P810; SM Prime Holdings Inc., unchanged at P37.70; Ever Gotesco Resources and Holdings Inc., up 22.35 percent to P0.52, and Dito CME Holdings Corp., down 1.98 percent to P8.91 per share. INQ