(Last Updated On: July 5, 2022)
The PSE index ended green today with 2.04% gain reaching high before the pre closing. Inflation results was already out and looks like the market is digesting well the results. PH inflation rose to 6.1% this June higher than last months 5.4% mainly due to rising fuel costs. This is within the BSP range of 5.7-6.5% target range.
Inflation averaged 4.4% y/y in January to June while transport inflation was at 17.1% in June and had a 31.7% share in the uptrend; diesel prices rose 92.5% y/y. Food inflation accelerated to 6% from 4.9% in May, driven by meat and rice prices; it had a 58.3% share in the uptrend.
The index close at 6,309.99 with a net foreign selling of 146 Million.
Index Sector was led by property gaining as much as 3.41% with all indices ending in Green Zone.
For the Blue chip index JGS led the group surging by up to 6.77% and Monde at 5.30%, while lag came the most from CNVRG at -5% and Emperador at -2.27%.
US markets were closed yesterday due to July 4 independence day celebration. In asia, index are mostly in green as well.
|Symbol||Name||Last Price||Change||% Change|
|^DJI||Dow Jones Industrial Average||31,097.26||321.86||1.05%|
|^HSI||HANG SENG INDEX||21,915.74||85.39||0.39%|
|000001.SS||SSE Composite Index||3,404.03||-1.4||-0.04%|
|^BSESN||S&P BSE SENSEX||53,849.82||615.05||1.16%|
|^JKSE||Jakarta Composite Index||6,745.05||105.88||1.59%|
|^KLSE||FTSE Bursa Malaysia KLCI||1,436.63||-0.89||-0.06%|
|^NZ50||S&P/NZX 50 INDEX GROSS||10,965.17||102.83||0.95%|
|^KS11||KOSPI Composite Index||2,341.78||41.44||1.80%|
|^TWII||TSEC weighted index||14,349.20||132.14||0.93%|
|^GSPTSE||S&P/TSX Composite index||19,028.86||167.5||0.89%|
Index futures are pointing to a good upside in the US market. S&P up by 0.33%, Dow up by 0.26% and Nasdaq at 0.45%.