Profit Taking Ends PH Stocks Rally, PSEi Down 1.19%

Manila—(PHStocks)—Philippine stocks ended their seven-day rally amid profit taking across the board, where a total of 2.15 billion shares changed hands, valued at PhP23.2 billion.

Despite closing the trading day at 6,018.57pts, down by 1.19% from yesterday, the mainboard Philippine Stock Exchange index (PSEi) still managed to maintain its foothold well above the 6,000-point mark.

All counters ended the trading day in the red, but with minimal declines. The Financials sector, for instance, dropped 1.77% – the biggest loser for the day – followed by the Holding Firms segment, which lost 1.28% of its gains during the past trading days. The Mining and Oil index, meanwhile, slipped by 1.11%. The wider all-shares index was also on the red, going down by 0.96%.

There were 52 advancers today against 120 losers, while 40 stocks remained flat.

Below are the biggest gainers for today:

Below are the top losers:

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