The PSE market open in a positive note but decline by -0.23% at the close as profit taking occurred. The newly included Blue chip stock WLCON and Bloomberry (BLOOM) contributed on the drop of the index. The market expectation is to remain to be bullish as the Covid vaccines continues its healthy supply amid dropping in Covid cases. There is also an optimism on the possible lowering of Alert level 4 for Metro Manila on October 15, 2021.

The index closed at 7,107.82 level with a net foreign buying of 2.7Million.

For the blue chip index, Jollibee (4.51%) led the movement followed by GTCAP (3.26%). On the negative side, WLCON continued its decline and lost for the day (-5.76%)

GainersLosers
1JFC4.51%1WLCON-5.76%
2GTCAP3.26%2BLOOM-5.10%
3GLO2.27%3ICT-3.46%
4MPI2.14%4CNVRG-2.92%
5BPI1.13%5SECB-2.69%
6LTG1.04%6TEL-2.41%
7MBT1.02%7AEV-1.68%
8MEG0.99%8URC-1.19%
9SMC0.78%9AP-0.97%
10ACEN0.62%10SM-0.60%
11SMPH0.57%11AGI-0.58%
12JGS0.32%12ALI-0.14%
13RRHI0.17%13MER-0.14%
14PGOLD0.12%14RLC-0.12%

For the index sector Services lost with -1.86% while mining sector led by Semirara mining was up by +3.19%.

DMC and Semirara mining was the top gainers for the day as both companies declared dividends. SCC gained by as much as 10.02% and DMC by 9.14%.

ICTSI Mauritius Limited, a wholly-owned subsidiary of ICTSI, yesterday concluded the acquisition of an additional 8.73% stake in Pakistan International Container Terminal Limited (PICT) after 9,532,267 ordinary shares were crossed in the Pakistan Stock Exchange.

In PCIT the agreement has expand from71.68% to 80.41% of ICTSI Mauritius Limited’s ownership.

A company of ICTSI, as of today ICTSI is talking about the acquisition of an additional 8.73% stake in Pakistan International Container Terminal Limited (PCIT) after the 9,532,267 common shares were negotiated in Pakistan Stock Exchange.

ICT Int’l Container Terminal Services, Inc. (PSE:ICT) moved up by1.59% during yesterdays trading. Share price close at 185pesos/share with a net foreign selling of -62.93Million.