(Last Updated On: October 15, 2021)
The PSE market closed on a positive sentiment with +0.42% gain for the day. A lot of traders and investors are still bullish on the current news regarding the re-opening of the economy where Metro Manila will start to shift to Alert level 3 by October 16, 2021. Government is also optimistic that its could reach its target of 4-5% GDP as we catch up with looser restrictions implemented for the last quarter of the year. In addition the US market was upbeat also yesterday which could have contributed on the more optimistic market sentiment.
The index closed at 7,213.46 and continues its upward movement. Net foreign buying was also present at 274.53Million
For the Blue chip Index, ICT (5.80%) finally rebounded after continued sell off for the past few days. On the loser side, there was a profit taking on Globe Telecom (-3.88%) and ACEN (-3.25%)
For the index sector, mining sector was the best performer (2.08%) followed by Services sector (1.07%)
On the Global side, US stocks rallied yesterday with Dow Jones closing at +1.56%.
|Symbol||Name||Last Price||Change||% Change|
|^DJI||Dow Jones Industrial Average||34,912.56||534.75||1.56%|