The Philippine Stock Exchange Index as of February 11, 2021. The Philippine Stock Exchange Index (PSEi) closed the week today at 6,991, declining by 0.4% from the previous week’s close of 7,019 and down 2.1% on a year-to-date basis.
Today’s trading saw the index lose 91.14 points or 1.29% from yesterday’s close of 7,082. Among the index stocks, JG Summit Holdings, Inc. (ticker symbol: JGS) and Jollibee Foods Corporation (ticker symbol: JFC) suffered the biggest declines, shedding 5.97% and 3.67% respectively.
All sectors are in the red except the financial and mining/oil sectors which gained 0.19% and 0.13% in that order.
The PSE Index now stands at an RSI (relative strength index) of 48.44, which is slightly in the bearish area. The 200-day simple moving average is at 6,323 while the 50-day simple moving average is at 7,099.
Immediate resistance level is at 7,080 while immediate support is at the psychological support level of 6,900. Should this support be breached, we might see the index gear again for the chart support level of 6,740.
There will be no trading tomorrow, February 12, as the country celebrates Chinese New Year, which is a holiday in the Philippines.
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