Bleeding Continues; PH Stocks Fell to 6,092.53

Manila—(PHStocks)—The mainboard Philippine Stock Exchange index (PSEi) lost its grip on the 6,100-point level and slightly dropped by 0.2% to end Wednesday’s trading at 6,092.53. While profit taking continues, there were two sectors that posted gains—the Property index, which recovered from yesterday, and the Financials, which bucked the downtrend and was up for the second consecutive day.

Whether the news about the Philippines’ bringing the disputed islands case against China to the United Nations tribunal has any effect or not, the declines were just minimal. The wider all-shares index ended nearly flat, shedding only 0.02%. The biggest sectoral decline, which came from the Services segment, is only 0.64%. The Industrial, Holding Firms, and Mining and Oil indices, meanwhile, only lost 0.2%, 0.31% and 0.29%, respectively.

Around 4.32 billion shares changed hands today, valued at PhP12.83 billion. There were 62 gainers against 91 losers, while 51 stocks remained flat.

Below are today’s advancers:

Below, meanwhile, are the top losers for the day:

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