PSEi suffers from yet another dull trading

MANILA  -The Philippine Stock Exchange index (PSEi) closed another uneventful session above 6,200 while trading activity struggled as value turnover tilted downward toward multiyear lows.

By the closing bell, the PSEi shed 0.11 percent, or nearly 7 points, to 6,246.20 while the broader All Shares index slipped 0.06 percent, or 2.03 points, to 3,328.01.

Total trades reached 453.5 million shares valued at P2.33 billion while net foreign buying eased to P85.63 million from the previous session’s P1.02 billion.

Due to Thanksgiving holiday

“Philippine shares traded mixed with thin volumes as US investors headed into the Thanksgiving holiday,” Luis Gerardo Limlingan, head of sales at stock brokerage house Regina Capital Development, said on Thursday.

READ: Asian shares mixed, with Japan and US markets closed for holidays

PSE subsectors ended mixed as services, holding firms and financials dropped while property, mining and oil and industrial climbed.

Universal Robina Corp. was the top traded stock as it added 0.92 percent to P121 per share.

It was followed by Jollibee Foods Corp., down 0.50 percent to P238.80; AREIT Inc., up 0.52 percent to P29.25; International Container Terminal Services Inc., down 1.37 percent to P215.40; and SM Prime Holdings Inc., up 1.43 percent to P31.95 per share.

BDO Unibank Inc. was up 0.30 percent to P131.90; Ayala Land Inc., down 0.84 percent to P29.60; SM Investments Corp., flat at P830; Ayala Corp., down 0.31 percent to P647.50; and Monde Nissin Corp., up 3.54 percent to P8.48 per share.

Overall, there were 91 losers against 74 advancers while 48 companies closed unchanged, data from the stock exchange showed.