The Philippine Stock Exchange (PSE) index was down today as late buyers failed to overcome the opening big loss though it was able to trim the losses to just 49.65 points or 0.78% to 6,297.78 points.
Gainers overwhelmed losers 103 to 98 with 45 issues unchanged in another robust value turnover of P7.31 billion but the big losses in other sectors accounted for the PSE decline.
Only the financials and mining and oil sectors were in positive territory but they were not enough to wipe away the losses in other indices such as holding firms and industrials.
BDO , and Security Bank led the charge of the financials . BDO was up by P3.70 and Security gained P3.90. Among the losers were BPI and Metrobank which lost 50 centavos and 45 centavos respectively.
Merry Mart continued to sizzle with trades hitting P988.11 million, the most active stock anew. It opened 16 centavos up from it's close yesterday of P3.60 and traded up to a high of P3.96 before it dropped to a low P3.52 in another volatile ride.
Dito was the second most active stock at P437.35 million though it went down by 2 centavos.
The other notable trades were Emperador which rose by one centavos , Alliance Global up 3 centavos, GT Capital higher by P15 , and SM Investments down by P25.