PSE Index Skids Anew

The Philippine Stock Exchange (PSE) index slid some more today ending the week two psychological milestones lower as the sell-out continued on blue chips to close at 6,693.81 points, down 34.10 points or 0.51 percent.

Market bellwether SM Investments lost P34 to close at P956 while bank stocks BDO Unibank and Metrobank went down respectively by 40 centavos and 60 centavos to P47.80. Bank of PI, however, ended P1.50 higher to P86.50.

Emerging the most active stock was Ayala Energy, which went down by a substantial 6.93 percent as it dropped to P8.19 on trades of P517.9 million. Monde Nissin also declined by 4.39 percent or 72 centavos to P15.68.

Only the services sub-index posted a gain but it was minuscule at 0.03 percent with the financials and property sub-indices posting relative losses of 0.09 percent and 0.06 percent.

The big losers were mining, down by 2.34 percent, holding firms, down by 1.64 percent, and Industrials down by 1.23 percent.

Losers swamped gainers more than three times at 164 to 48 while 34 shares were unchanged. Selling was across the board with the top gainers posting just a bit higher than 4 percent while value turnover was higher than average at P7.592 billion.

Among the losing blue chips were Ayala Corp, down P3.50 at P770.50, GT Capital, down P31.50 to P576, NickelAsia, down 18 centavos to P5.34, and Megaworld, down 6 centavos to P2.98.

The gainers included PLDT, which went up by P32 to P1,292, ICTSI, up by P1.10 to P163.90, and Jollibee Foods, up 40 centavos to P210. Ayala Land was unchanged at P35.50.

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