PSEi ends 2020 above 7,100 level
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PSEi ends 2020 above 7,100 level

The Philippine Stock Exchange index (PSEi) closed at 7,139.71 up by 17.46 points or 0.3 percent on the last trading day of 2020.

The Philippine Stock Exchange index (PSEi) closed at 7,139.71 up by 17.46 points or 0.3 percent on the last trading day of 2020.

“This year is truly unprecedented for the stock market with the circuit breaker triggered three times and with the PSEi recording its steepest intraday drop in PSE history,” said PSE president and CEO Ramon S. Monzon.

“The main index may have failed to return to pre-pandemic levels but it’s good to see that it managed to stay above the 7,100 level,” he added.

To be specific, the PSEi climbed 54.4 percent from its lowest closing level in 2020 of 4,623.42 on March 19.

Year-on-year, however, the main index was still down by 8.6 percent.

The all shares index also finished lower year-on-year, down by 8.1 percent.

Among the sector indices, only mining and oil closed in the green, up by 17.8 percent. The financials sector, on the other hand, was down the most as it shed 22.3 percent.

Daily average value turnover slightly improved to P7.35 billion from the P7.29 billion average in 2019. Foreign funds were net sellers by P128.65 billion from P14.26 billion last year.

 
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