• The Financial District


The Philippine Stock Exchange (PSE) was marginally down today and actually was headed for a rise but profit taking took over leading the index to close 1.56 points down or 0.03 percent.

Net foreign selling have gone down to P95 million indicating an optimistic sign for the local bourse as foreign buying amounted to P1.65 billion while foreign selling hit P1.746 billion.

Market bellwether SM Investments found it's footing again after being relegated to below the ten active stocks in a welcome sign. SM lost P2 to P885 million with transactions of P682.52 million, of which P549 million was a crossed sale transaction that was included in foreign buying column.

Market darling Merry Mart also figured in the top four active stock posting a gain of 14 centavos to close at P3.14 on total trade of P179 million.

Telco stock Now was the number two active stock though it dropped by 18 centavos to P3.10. Dito was also in the active stock as it closed 13 centavos higher to P4.12.

Bank stocks BDO Unibank closed up 10 centavos to P88.40 while Metrobank gained 20 centavos to P36.10. Bank of PI went down by 35 centavos to P64.05.

Gainers were up 92 to 90 over losers with 56 shares unchanged. The industrials posted a big 68.46 percent rise but it was offset by the decline in mining stock of 63.35 percent.

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