What Happened in the Philippine Stock Market on July 3, 2018?

MANILA, Philippines – The Philippine Stock Exchange Index (PSEi) inched higher after being forced to close at its high at market closing. The index closed at 7267.34, higher by 39.38 or 0.54 percent versus yesterday. The broader All Share index is up by 0.27 percent.

Most of the sub-indices are up today with the exception of the Mining and Oil and the Service sectors. The best performing sub-index is the Holdings sector, up by 0.92 percent, while the worst performing sector is the Service sector, down by 0.54 percent.

Within the Holdings space, SM led the advance to close at 915.00, up by 1.67 percent. AEV also rallied slightly as it closed higher by 2.74 percent. JGS is up by exactly one percent while MPI is higher by 1.08 percent to close at 4.67.

Within the Service sector, TEL dropped by 2.08 percent to close at 1268. PGOLD is down by 2.13 percent, and CEB by 2.05 percent.

The most active stocks today include URC with PHP 410.29 million in traded value, ALI with PHP 303 million, and SM with PHP 265 million.

The significant gainers include PPG by 21.46 percent, CEI by 11.54 percent, OV by 9.09 percent, and PRMX by 7.41 percent.

The significant losers include IRC by 4.91 percent, MHC by 4.11 percent, SEVN by 4.00 percent, and CHP by 3.42 percent.

There were 88 advances, 97 declines, while 50 names remain unchanged.

The market turnover totaled PHP 4.78 billion. Foreigners bought PHP 2.67 billion worth of Philippine equities and sold PHP 3.10 billion resulting in a net foreign selling of PHP 424.86 million.

Megaworld recently opened its first lifestyle mall in the Visayas and Mindanao. The PHP 2.2 billion Festive Walk Mall in Iloilo Business Park in Manduriao Iloilo City was recently opened last June 30, 2018. The mall has 90,000 square meters of the gross floor area of dining, entertainment, and retail space. The mall also takes pride in having the most state of the art cinemas including VIP cinemas, unlimited drinks and popcorn, butler services, and reclining leather seats with footrest and food trays.

A Festive Mall Annex will also have several government agencies such as Philhealth, Bureau of Immigration, LTO as well as health and wellness agencies.

Do you find today’s wrap-up report informative and helpful? If you do, please comment below or share this post. It might seem insignificant, but it helps more than what you might think.

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