PSEi Market Update (June 5, 2020)

PSEi: 6465.13 (+52.36, -0.80%)

The PSEi opened on the negative and climbed up to under 1% below yesterday’s close. This down close concludes the PSE’s strongest 7-day market rally since 1998; pushing the PSE to above 6500 on Thursday, June 4, for the first time since the quarantine measures associated with the Covid-19 pandemic began.

The Philippines appears to be economically recovering, although lagging behind compared to its Southeast Asian counterparts (Vietnam, Indonesia). The turbulence of the market’s rise should be viewed with caution, as there remains to be many unanswered questions the Philippine government has yet to answer that will be driving the market.

Most Active: GTCAP, BDO, BPI, AC, ALI

Symbol (Last Price Php, % Change)

Worst Losers:
MAHB (2.30, 8.00%)
PSB (48.00, 7.69%)
ALHI (8.21, 6.70%)
BCB (1.30, 6.47%)
ICT (100.00, 5.30%)

Top Gainers:
HOME (7.00, 23.46%)
CAB (64.00, 23.08%)
MAC (5.95, 16.21%)
MG (0.14, 14.75%)
BKR (0.078, 14.71%)