Profit-taking Still Grips PH Stocks

ScreenShot015Manila—(PHStocks)—Philippine stocks were down for the fourth session Thursday, 14 March, amid continued profit taking in the market. The mainboard Philippine Stock Exchange (PSE) index slid further by 1.21% or 81.85pts to 6,694.71 – falling below the 6,700 level after reaching record-high 6800s.

Only the Industrial sector managed to pull in a slight gain today – a mere 1.34pts or 0.01%. The Services index is once again the biggest decliner, losing 2.04%. The Financials index, meanwhile, shed 1.52%, while the Holding Firms segment slid by 1.09%.

Nevertheless, trading continued to be busy. Value turnover reached PhP10.79 billion on 1.85 billion shares traded. There were 53 gainers against 98 decliners, while 46 stocks remained unchanged.

Below are the day’s biggest gainers:

Below are the biggest decliners for the day:

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