PH Stocks Down Anew on Profit Taking

Manila—(PHStocks)—Philippine stocks falter on a new wave of profit taking Thursday, 15 August, after a rally yesterday. The benchmark Philippine Stock Exchange index (PSEi) slid by 1.14% or 75.9 points to close today’s trading at 6,580.71.

Contrary to yesterday’s market performance, the Mining and Oil index was the only sector to post gains (+0.45%). All the remaining counters were back in the red, led by the Holding Firms segment, which declined by 2.88%. The Industrial sector slid by 0.57%, while the Financials dropped by 0.4%. The wider All Shares index was down by almost 1%.

Trading continued to be moderate. Value turnover was PhP7 billion on 909 million shares traded. There were 70 gainers against 84 losers, while 46 stocks were flat.

PSE-15-8-13

Today’s gainers include SM Investments Corporation (SM, PhP805.50, -7.73%), Ayala Land Inc. (ALI, PhP30.70, +0.82%), Philippine Long Distance Telephone Co. (TEL, PhP3,070.00, NC), Universal Robina Corporation (URC, PhP121.10, -2.34%), Alliance Global Group Inc. (AGI, PhP28.20, +0.36%), Ayala Corp. (AC, PhP598.50, -0.08%), SM Prime Holdings Inc. (SMPH, PhP17.92.00, -2.29%), Suntrust Home Developers Inc. (SUN, PhP1.27, +49.41%), BDO Unibank Inc. (BDO, PhP82.00, -1.20%), and GT Capital Holdings Inc. (GTCAP, PhP868.00, -0.29%).

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