PSE Index Slips on Profit-Taking
- By The Financial District

- 2 minutes ago
- 2 min read
The Philippine Stock Exchange (PSE) index slipped on profit-taking, closing at 5,976.17 points, down by 45.42 points or 0.75 percent, as investors pocketed gains following the rise of blue-chip stocks.

Only the financials and mining and oil sectors posted gains, up by 0.47 percent and 5.70 percent, respectively, while the four other sectors declined as shares touched intraday highs. Industrials fell by 1.71 percent, property by 2.54 percent, holding firms by 0.17 percent, and services by 0.42 percent.
Blue chips recorded losses on profit-taking as the PSE index surged to an intraday high of 6,066.18 points.
ICTSI lost 0.73 percent to ₱546, although it hit a high of ₱559, while Meralco rose to ₱614 but closed 4.85 percent lower at ₱588.
Property giants SM Prime and Ayala Land also reached higher prices but ended the session down by 3.81 percent to ₱21.45 and 1.62 percent to ₱21.20, respectively.
SMPH and ALI recorded top prices of ₱22.65 and ₱21.55.
Bank of PI was the most actively traded stock with turnover of ₱656 million as it rose by 3.54 percent to ₱117, while San Miguel gained 1.84 percent to ₱77.85 after touching a high of ₱79.90.
Market bellwether SM Investments rose by 0.27 percent to ₱730.
Value turnover was 50 percent above average at ₱9.51 billion as foreign investors remained active.
However, net foreign selling reached ₱2.984 billion, with foreign buying at ₱3.329 billion and selling at ₱6.313 billion.
There were 89 gainers, 93 losers, and 66 unchanged issues, including GT Capital, PSE, Security Bank, Topline, Figaro Coffee, and DITO CME.
Among the gainers were BDO Unibank, Maynilad, Golden Haven, Philex Mining, Apex Mining, ACEN Corp, EastWest, Semirara Mining, and Axelum. Among the losers were Universal Robina, Metrobank, China Bank, UnionBank, D&L Industries, Aboitiz Power, Manila Water, Monde Nissin, Abacore, and Ginebra.





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