Local Equities continued to consolidate as the Philippine Stock Exchange Index (PSEi) moved in a narrow trading range.
PSEi previous close- 2879.95 (May 16)
open - 2882.78
high - 2884.77 (+4.82)
low - (2867.20 (-12.75)
close - 2877.46 (-2.49 pts or -0.09%)
Value turnover: PhP 2.386 bn
Cross transactions: PhP 1.593 bn
Advancers 44
Decliners 33
Unchanged 70
Sectoral Indices.
M-O +1.50%
Property +0.97%
Financial +0.43%
Holdings +0.02%
Industrial -0.18%
Services -0.71%
The Day's Top Gainers:
KPHB: PhP 1.80; +26.87%
T: PhP 5.50; +16.48%
APX: PhP 4.50; +8.43%
The Day's Biggest Decliners:
LAND: PhP 1.56; -29.09%
LIHC: PhP 6.10; -8.96%
UPM: PhP 0.51; -8.93%
Investors and punters contnue to turn their attention to the smaller cap issues. The M-O sector topped gainers and the number of advancers led the decliners despite the market ending lower. Activity in the Mining issues was perked up by the price of Gold which is at a three-week high at above the $900 an ounce level.
The Philippine Peso was at PhP 42.739 vs US$ 1.00 at midday.
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