PSE INDEX SLIDES A BIT

The Philippine Stock Exchange (PSE) index today slid a bit, down by just 1.12 points or 0.02 percent to 6,881.37 points, indicating the tentativeness in the market with the lack of a catalyst to move it.

Thus there was an initial red signal, then the flashing green later, before the index finished fractionally down as the sub-sectors were evenly spaced with the financials, services and property posted gains while the industrials, holding and mining and oil were down.

Da Vinci Holdings emerged as the most active stock with trades of P751.19 million with its share price down by a huge 24.96 percent, as it declined by P1.59 to P4.91.

ICTSI propped the services sector with its P6.10 rise to P124.90 boosted by foreign buying of P160 million, while market bellwether SM Investments showed a gain of a peso to P1,041, even with foreign selling of P79 million.

Net foreign selling amounted to P595 million on foreign buying of P2.729 billion and foreign selling of P3.324 billion with value turnover of P7.732 billion, as losers swarmed gainers 135 to 87 with 45 shares unchanged.

BDO Unibank and Metrobank posted gains of P1.90 to P110.80 and 85 centavos to P48.85 while Bank of PI lost P1.60 to P86.50 and Security Bank declined by P1.40 to P128.10.

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