August 21, 2025 | 12:00am
MANILA, Philippines — The native inventory market completed flat forward of a vacation immediately, with buyers nonetheless in seek for new leads.
The Philippine Inventory Alternate index closed yesterday’s session with a slight uptick of 0.003 p.c or 0.20 factors to six,277.87.
However, the broader All Shares index inched down by 0.07 p.c or 2.76 factors to shut at 3,735.14.
“The market closed with buyers searching for for doable bargains after a sequence of declines in latest days,” Luis Limlingan of Regina Capital mentioned.
“Furthermore, many contributors remained cautious, ready for additional developments from the Fed within the coming days that might solidify the market’s potential subsequent transfer,” Limlingan mentioned.
Sectoral gauges had been blended, with providers posting the biggest achieve at 1.65 p.c and mining and oil struggling the largest drop at 1.64 p.c.
Buying and selling weakened as whole worth turnover thinned to P5.76 billion from the day prior to this’s P7.59 billion.
Market breadth remained unfavorable as decliners crushed advancers, 110 to 86, whereas 49 points had been unchanged.
ICTSI was probably the most actively traded inventory, climbing by 3.12 p.c to P489.80 per share, adopted by DigiPlus and SM Investments which fell by 5.50 p.c and 1.76 p.c, respectively, to P28.35 and P781.
The native inventory market is closed immediately in celebration of Ninoy Aquino Day.
Asian markets had been blended yesterday within the face of worrying indicators for Japanese exports, as buyers await indicators from US policymakers of an rate of interest lower on the earth’s largest economic system.
