The Philippine Stock Exchange Index (PSEi) closed higher today, marking an increase of 56.05 points, or 0.82 percent, to settle at 6,854.66. This gain comes amid mixed performances across the sectors, highlighting the market’s varied responses to the current economic conditions.
The All Shares index also saw an uptick, rising by 19.09 points to close at 3,581.70, a 0.54 percent increase. Financials mirrored this positive movement, advancing by 16.46 points to end the day at 1,999.39, up by 0.83 percent.
However, not all sectors shared in the day’s gains. The Industrial sector faced a downturn, shedding 78.27 points, a decrease of 0.85 percent, to close at 9,121.59. Similarly, the Mining & Oil sector dipped by 20.25 points, marking a 0.23 percent fall to close at 8,803.58.
Conversely, Holding Firms and Property sectors experienced gains, with Holding Firms adding 47.38 points (up by 0.75 percent) to close at 6,391.33, and Property sector increasing by 20.42 points (up by 0.71 percent) to finish at 2,897.50.
The Services sector stood out as the day’s biggest gainer, surging by 41.34 points or 2.40 percent, closing at 1,766.85. This significant rise underscores the sector’s robust performance amidst today’s trading.
The market’s Total Return Index (TRI) faced a decline, dropping by 30.67 points to close at 2,794.52, a decrease of 1.09 percent. Likewise, thematic indices such as the PSE Dividend Yield (DivY) and PSE MidCap faced setbacks, with the DivY index down by 25.13 points (-1.51 percent) and the MidCap index down by 10.60 points (-0.88 percent).
Today’s trading volume reached 520,650,316 with a total of 48,727 trades, moving a total value of PHP 4,935,782,176.90. Market breadth was positive with 106 advances against 78 declines, while 46 remained unchanged.
The day’s performance highlighted the market’s resilience and the Services sector’s notable strength, offering investors reasons for optimism amidst the mixed sectoral outcomes.
PhilippinesToday.ph