PH Stocks Down Anew on Profit Taking

Manila—(PHStocks)—After achieving the highest level in intra-day trade so far this year (7,016.71 on 7 July) before closing at 6,999.1, the Philippine Stock Exchange index (PSEi) retreated on profit taking Tuesday, 8 July, closing the trading session at  6,948.52, down by 0.72% or 50.58 points.

All counters are in the red, led by the Mining and Oil sector, which lost 1.07%. The Property segment, meanwhile, slid by 1.04%.

Volume reached 2.52 billion, valued at PhP6.28 billion. There were 64 gainers against 116 losers, while 45 stocks remain flat.