PSE SLIGHTLY DOWN ANEW

The Philippine Stock Exchange (PSE) index today declined slightly anew with net foreign selling hitting P995 million in a day with second liners posting losses to close 24.78 points down or 0.35 percent to 7,118.52 points.

Opening in the red, the index declined all throughout the trading session with second liners and selected blue chips gyrating wildly as investors made their bets and others sold their positions.

This pushed down the sub sectors, which all declined, save for the property sector, which eked out a 0.13 percent gain as Ayala Land rose 90 centavos to P39.75 on trades of P55 million.

Trading was again heavy at P9.7 billion, with foreign buyers at P1.93 billion and foreign selling at P2.93 billion, as second liners, which have been posting gains the past four trading days, succumbed to profit taking.

Apollo Global was the most active with trades of P2.01 billion, as it saw its share price decline by P0.125 to P0.305. Basic Energy followed with P827 million in trade, ending the day down by 50 centavos to P1.19, while Dito CME closed at P11.60 - a gain of 66 centavos on trades of P757 million.

Premiere Horizon and Abra Mining respectively lost 66 centavos to P2.15 and P0.0025 to P0.006.

BDO Unibank went down by 90 centavos to P110.10, even with foreign buying of P55 million, while Jollibee Foods lost P1.20 to P186.80, as foreign selling amounted to P90 million in trading that saw just 56 gainers and 177 losers with 39 shares unchanged.

The gainers include PureGold, which with P55 million foreign buying went up by P1.25 to P39.30; Pilipinas Shell, up 46 centavos to P20.70 while the losers included Philodrill, down P0.007 to P0.017, and Oriental Petroleum, down P0.006 to P0.016.

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