MANILA, Philippines – The Philippine Stock Exchange Index (PSEi) rallied in the morning but was unable to sustain the rally and was on a downward trajectory until market closing at 6,986.68, down by 1.08 percent. The broader All Shares index is down by 0.82 percent.
The sectors were mixed today. The best performing sector is the Mining and Oil sector, rising by 97.85 points or 1.01 percent. Within the sector, SCC, NIKL, and PXP led the advance, rising by 3.09 percent, 1.74 percent and 0.91 percent, respectively.
The worst performing sectors are the Holdings and Property sectors, down by 2.39 percent and 1.58 percent, respectively. Within the Holdings space, SM showed a huge drop, down by 2.65 percent and a net foreign selling of PHP 50.78 million.
JGS was also down big time, down by 5.54 percent. Other significant movers are AC, down 1.18 percent; AEV, down by 2.53 percent; GTCAP, down by 3.60 percent; and SMC, down by 1.80 percent.
Within the Property space, ALI saw a loss of 3.33 percent with a huge net foreign selling of PHP 190 million. RLC is down by 2.36 percent; MEG, down by 0.90 percent; FLI, down by 5.16 percent; and BEL, down by 2.81 percent.
The most active stocks today include ALI with PHP 741.6 million in traded value, BDO with P385 million and SMPH with P365 million.
The significant gainers include VUL by 17.32 percent, H2O by 17.11 percent, ISM by 11.02 and PAX by 8.81 percent.
The significant losers include IS by 9.52 percent, STR by 7.18 percent, MAH by 6.67 percent and IRC by 6.02 percent.
There were 80 advancers, 101 decliners while 59 names remain unchanged.
The market turnover totaled PHP 6.12 billion. Foreigners bought P3.30 billion worth of Philippine equities and sold P3.71 billion resulting to a net foreign selling of PHP 404 million.
As of June 25, 2018, at 03:30PM, the volume of PSEi is 38.95% of the previous trading day.
On a 30-day trading period, PSEi is on a Net Foreign Selling worth PHP15,806,618,807.46.
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