Massive Selloff Pulls Down PSEi to 6,900 Level

Manila—(PHStocks)—Bloodbath. Philippine stocks suffered massive selloff amid weak investor sentiment in regional markets.

The benchmark Philippine Stock Exchange (PSE) index plunged by 2.71% or 194.17 points to close today’s session at 6,966.21. All counters were in the red, led by the 3.2% drop in the Holding Firms index. The Property sector declined by 2.48% while the Financials slid by 2.34%. The wider All Shares index fell by 2.25%.

Volume trading reached 4.72 billion, valued at PhP11.37 billion. There were 44 gainers against 142 losers, while 40 stocks were flat.

Top most active:

  1. Philippine Long Distance Telephone Co. (PSE: TEL): PhP2,770.00, -2.46%
  2. Universal Robina Corp. (PSE: URC): PhP186.00, -4.12%
  3. Jollibee Foods Corp.  (PSE: JFC): PhP201.60, 0.80%
  4. Ayala Land Inc. (PSE: ALI): PhP33.00, -2.65%
  5. Aboitiz Power Corp. (PSE: AP): PhP40.80, -3.09%

Top most active:

  1. Keppel Philippine Holdings Inc. “B” (PSE: KPHB): PhP5.10, 11.84%
  2. DFNN Inc. (PSE: DFNN): PhP6.68, 11.33%
  3. Prime Orion Philippines Inc. (PSE: POPI): PhP0.69, 9.52%
  4. United Paragon Mining Corp. (PSE: UPM): PhP0.012, 9.09%
  5. EasyCall Communications Philippines Inc. (PSE: ECP): PhP3.03, 7.45%

Top losers:

  1. Ever-Gotesco Resources & Holdings Inc. (PSE: EVER): PhP0.206, -8.85%
  2. Manulife Financial Corp. (PSE: MFC): PhP746.00, -8.47%
  3. Leisure and Resorts World Corp. Warrants (PSE: LRW): PhP4.78, -8.08%
  4. PAL Holdings Inc. (PSE: PAL): PhP5.40, -7.53%
  5. A Brown Company Inc. (PSE: BRN): PhP1.01, -7.34%

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