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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%)
| Gainers | Losers |
| 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%.
palaboytrader
Joey is the founder of a Philippine Stock Market Youtube channel and also known as “Palaboy Trader”. He does daily review of Trending stocks and teaches basics of Investing and trading. He has the aim to educate Filipinos to be financially independent He is also is an Overseas Filipino Worker Currently working in a Multinational Company in Malaysia
