PSEi trades sideways despite strong bank earnings

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The benchmark Philippine Stock Exchange index closed flat on Tuesday as investors weigh more corporate earnings releases after some of the county’s largest banks reported strong first quarter earnings. | miguelrcamusINQ /PDI

A total of 741.13 million shares valued at P5.23 billion changed hands while foreigners were net sellers to the tune of P224.66 million, stock exchange data showed.

PSE subsectors were mixed with mining and oil, industrials, financials and holding firms pushing higher while property and services retreated.It was followed by Bank of the Philippine Islands, flat at P109.50; Ayala Land Inc., down 1.13 percent to P26.35; International Container Terminal Services Inc., up 0.46 percent to P218; and SM Investments Corp., flat at P900 per share.INQUIRER.net wants to hear from you! Take part in our reader survey and help us be better. Click on this image to answer.

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