Local shares are back in the red as investors held back to assess possible effects of policy rates hike announced by the Bangko Sentral ng Pilipinas (BSP). The main-board Philippine Stock Exchange index (PSEi) shed almost 14 points or 0.36% to end Thursday at 3,841.54 points. The wider all-shares index meanwhile slid 2.44 points to 2,898.95 points.
All counters faltered as well, with the Mining & Oil sector suffering the biggest decline for the day at 1.36%.
Trading volume reached a mere 778.57 million, valued at PhP2.9 billion. There were 53 gainers against 65 losers, while 53 stocks remained flat.
Below are the leading stock price gainers for the day: