PSE Index Sheds a Level on Profit-Taking
- By The Financial District
- 6 minutes ago
- 2 min read
The Philippine Stock Exchange (PSE) index shed a level on Wednesday, closing at 6,292.09 points, down 25.85 points or 0.41 percent, as investors engaged in profit-taking.

Only the industrial and mining and oil sectors managed to stay in positive territory as investors cashed in following Tuesday’s sharp rally, which saw the index jump two levels amid a return of market optimism.
Universal Robina led the industrial sector’s 0.63 percent gain, rising 2.98 percent to P70.85.
Also supporting the sector were Meralco, which climbed 0.84 percent to P599, and ACEN Corp., up 0.34 percent to P2.96.
Mining stocks Apex Mining, up 0.16 percent to P12.76; Atlas Consolidated, up 0.70 percent to P7.15; and Philex Mining, which gained 1.98 percent to P10.30, lifted the mining and oil sector by 0.81 percent.
Services posted the biggest decline, sliding 1.29 percent, followed by holding firms, down 0.35 percent; financials, lower by 0.33 percent; and property stocks, which slipped 0.11 percent.
Market bellwether SM Investments had a volatile session, hitting an intraday high of P738 and a low of P716 before closing 0.54 percent lower at P731.
International Container Terminal Services Inc. (ICTSI) was the day’s most active stock, with P1.18 billion worth of shares traded, as it fell 2.16 percent to P590.
Value turnover reached P7.28 billion, while foreign trades amounted to P7.43 billion. Foreign buying totaled P3.817 billion against foreign selling of P3.615 billion, resulting in net foreign buying of P201 million.
Trading was volatile, with the index reaching an intraday high of 6,343.27 points and a low of 6,244.88 points.
There were 101 gainers, 107 losers, and 68 stocks unchanged, including China Bank, Century Properties, Aboitiz Equity Ventures, D&L Industries, Citicore REIT, Agrinurture, Belle Corp., and Global Resorts.
Among the gainers were PNB, Security Bank, Union Bank, Semirara Mining, Ayala Corp., Filinvest REIT, Robinsons Land, GMA Network, PLDT, Puregold, and GT Capital.
Losers included Bank of the Philippine Islands, Maynilad, SM Prime, Metrobank, Petron, Basic Energy, Jollibee Foods, Megawide, JG Summit, DigiPlus, PhilWeb, Wilcon Depot, and OceanaGold.





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