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PSEi snaps 5-day losing streak following DOLE’s announcement of drop in July’s unemployment rate - Politixxx Today
28.2 C
Manila
Thursday, September 29, 2022

PSEi snaps 5-day losing streak following DOLE’s announcement of drop in July’s unemployment rate

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TODAY’s MARKET WATCH| SEPTEMBER 03, 2020

With the release of latest DOLE and NSCB employment data that show an easing of unemployment and underemployment rate in July from April this year, the PSEi snaps its 5-day losing streak.

The benchmark Philippine Stock Exchange index (PSEi) closed at 5,772.86 up 34.47 points or 0.60 percent higher from previous close while All Share closed at 3,489.52 up 15.51 points or 0.45 percent.

Total number of shares traded today is 961,019,472 valued at PHP 5.270-billion.

More foreign investors are selling PSEi shares today

FOREIGN BUYING: Php 1,715,847,710.11

FOREIGN SELLING: Php 2,831,857,438.99

TOTAL FOREIGN: Php 4,547,705,149.10

More gainers than losers:

Total no. of gainers: 105

Total no. of losers: 77

Unchanged: 48

Top Gainers: BCOR (Berjaya Philippines Inc.), TECB2 (Cirtek Holdings Philippines Corporation), PBB (Philippine Business Bank), AXLM (Axelum Resources Corp.) and BLOOM (Bloomberry Resorts Corporation).

Top Losers: DWC (Discovery World Corporation), IMP (Imperial Resources, Inc.), LSC (Lorenzo Shipping Corporation), X (Xurpas Inc.), and BRN (A Brown Company, Inc.).

source: www.pse.com.ph

TOP MARKET DISCLOSURES

  1. 1. The Board of Chinabank approves the establishment of a US$2 billion euro medium term note program
    2. SEC confirms valuation of the P209 million advances paid by Velarde, Inc. to Now Corporation
  2. PESO-DOLLAR EXCHANGE RATE: 1 USD to 48.58 Php

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