PH Stocks Succumb to Profit Taking Anew

Manila—(PHStocks)—The mainboard Philippine Stock Exchange index (PSEi) fell below the 6,800-level Monday, 26 May, as investors lock in their gains and stay in the sidelines ahead of the release of the country’s first-quarter GDP report.

The PSEi shed 0.31% or 20.91points to close the session at 6.790.42. Only the Industrial sector managed to maintain its level, gaining 8.09 points. The rest of the sectors declined, but minimally. The Mining and Oil index only shed 0.71%. The All Shares index, meanwhile, slid by 0.25%.

Trading volume reached 950 million, valued at PhP7.2 billion. Foreign buying was PhP3.63 billion, while foreign selling reached PhP4.38 billion. There were 69 gainers against 97 losers, while 51 stocks were flat.