Philippine Stock Exchange Index Analysis: January 22, 2020

Philippine Stock Exchange Index Analysis- January 22, 2020

The Philippine Stock Exchange Index closed on Wednesday, January 22, 2020, at 7,468.73. It went up by 2.08 points or 0.0279 percent. There were 88 advances, 93 declines, and 53 unchanged issues.

The All Shares, Industrial, Holdings, and Properties sectors closed in the green zone and went up by 0.0469 percent, 1.0678 percent, 0.0054 percent, and 0.2156 percent respectively.

Philippine Stock Exchange Index - Daily Chart EOD - 1.22.2020

On the other hand, the Financials, Services, and Mining and Oil sectors fell in the red zone by 0.1430 percent, 0.9301 percent, and 2.1367 percent respectively.

Foreign investors accounted for the 60 percent of the P6.40 billion total turnover value.

The top 5 most active based on the total turnover value are ALI, BDO, SMPH, BPI, and AC.

The top 5 gainers based on % Change are AXLM, IPO, APO, FERRO, and SSP. On the other hand, the top 5 losers based on % Change are BLFI, LTG, MED, SUN, and OM.

The range of the support level of the Philippine Stock Exchange Index is between 6,825 and 7,020. Its immediate resistance is at 7,475. If and when it recovers above the immediate resistance, the new range of the resistance level will be between 8,100 and 8,360.