Thursday, June 19, 2025

PSEi best single-day performance in Q2

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Share prices closed higher Monday on bargain hunting.

The peso also closed up.

The Philippine Stock Exchange index (PSEi) was up 129.54 points, a 2.03 percent hike to 6,523.09.

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The broader All Shares index was up 55.71 points or 1.63 percent to 3,470.46.

Gainers edged losers 100 to 70 with 56 stocks unchanged. Trading turnover reached $4.32 billion.

The peso closed at 55.70 to the dollar, up from 55.77 on Friday.

The currency opened at 55.77 and hit a high of 55.67 and a low of 55.81. Trading turnover amounted to $646.5 million.

Luis Limlingan, managing director at Regina Capital and Development Corp., said investors  bought many undervalued names across the board, leading to the market closing up.

Juan Paolo Colet, managing director at China Bank Capital Corp., said that Monday’s close was “the best single day performance” of the PSEi in the second quarter, with sentiment helped by the prospect that the Bangko Sentral ng Pilipinas will no longer raise its policy rate for the rest of the year.

Most actively traded BDO Unibank Inc. was steady at P140. SM Investments Corp. was up P19.50 to P929. Metro Pacific Investments Corp. was up 0.17 to P4.75. International Container Terminal Services Inc. was up P6.30 to P206. Universal Robina Corp. was up P11.50 to P138. SM Prime Holdings Inc. was up P0.90 to P33.90. Ayala Land Inc. was up P0.30 to P24.70. Ayala Corp. was up P20 to P635. Bank of the Philippine Islands was up P1.70 to P107.90. Metropolitan Bank and Trust Co. was up P1.60 to P55.

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