Manila—(PHStocks)–Possible profit taking wiped off the gains earned by local shares yesterday as the market retreated at the close the week after a strong three-day rally. The bellwether Philippine Stock Exchange Index (PSEi) dropped to 4,758.57 points at the close of the market today, after touching a record 4,822 points yesterday.
All counters except the Financials and Mining & Oil indices were down, led by the 3.16% decline by the Holding Firms sector. The Property sector also shaved off its gains yesterday, dropping by 1.84% today.
The Financials sector edged slightly up by 0.53% while the Mining & Oil index managed to pull a 0.12% increase.
Trading volume reached 11.44 billion, valued at PhP8.68 billion. There were 107 losers against 79 gainers, while 32 stocks remain flat.
Below are the top gainers for the day: