Manila—(PHStocks)—Philippine stocks were down for the second session Thursday, 20 March, as investors lock in their profits.
The benchmark Philippine Stock Exchange index (PSEi) dropped further by 0.7% or 45.14 points to close today’s trading at 6,417.35, keeping its foothold at the 6400 level. This, following a 4-point decline yesterday.
All counters – except for the Services index, which gained 0.61% – were down, led by the Holding Firms sector, which fell by 1.51%. The Industrials shed 0.98% while the wider All Shares index lost 0.89%.
Value turnover reached PhP7.12 billion on 891 million shares traded. There were 46 gainers against 107 losers, while 51 stocks were flat.