The Philippine stock market continues to take a beating amid rising concerns on skyrocketing oil prices fueled by tensions in the Middle East. Local shares on the bellwether Philippine Stock Exchange index (PSEi) further by 0.7% or 26.2 points to close at 3,730.84—stretching the market’s weak performance for the fifth consecutive trading day.
Two sectors, however, still managed to post gains despite the bloodbath. The Mining & Oil sector ended the day 1.36% higher, while the Holding Firms index gained 0.34% or 10.68 points.
Trading volume reached 7.24 billion, valued at PhP2.97 billion. Losers outnumber gainers 99 to 40, while 28 stocks remain unchanged.
The top 10 gainers for today are as follows:
The top five losers are: