Local shares suffered a severe beating Thursday, with the bellwether Philippine Stock Exchange index (PSEi) dropping 1.57% or 61 points to 3,817.38—just a week after it broke the 3,900-point mark. The wider all-shares index suffered the same fate, declining 1.6% or 46.58 points to 2,859.6 points.
All counters are also in the red, with the Property and Services indices suffering the biggest declines at 2.58% and 2.32%, respectively. Trading volume reached 1.21 billion, worth PhP4 billion, on 12,469 trades. There were only 22 gainers against 114 losers. Thirty one stocks remained flat.
Below are the 10 leading gainers for the day: