PH Stocks Retreat on Profit Taking

PHStocks 04/04/201305/04/2013 0 Comments 2GO, 2GO Group, 7-11, Aboitiz Equity Ventures, AEV, AGI, ALI, Alliance Global, ALPHA, Alphaland, AT, Atlas Consolidated, ATN, ATN Holdings, ATNB, Ayala Land, DFNN, EG, FED, Federal Resources, GLOBALPORT, I, I-Remit, ION, Ionics, IP E-Game, LIHC, Lodestar Investment, Mabuhay Vinyl, MVC, Philippine Long Distance Telephone Co., Philippine Seven, PLDT, PORT, SEVN, SLI, SM, SM Investments, SMIC, SOC, South China Resources, Sta. Lucia Land, T, TBGI, TEL, TKC Steel, Transpacific Broadband, Waterfront, WPI, Yehey!

Manila—(PHStocks)—Philippine stocks pull back on Thursday, 4 April, as investors cash in on their gains from the previous trading session.

The mainboard Philippine Stock Exchange (PSE) index dropped by 0.46% or 31.58 points to close at 6,783.72. All counters are slightly down amid thin trading. However, the biggest decline – that for Financials – is just 0.67%. The Property index slid by 0.64%, while the wider All Shares index declined by 0.39%.

Value turnover was only PhP6.707 billion, on 953 million shares traded. There were 71 gainers against 88 losers, while 46 stocks were flat.

The top active stocks today in terms of value are SM Investments Corporation (SMIC, PSE: SM), Philippine Long Distance Telephone Co. (PLDT, PSE: TEL), Alliance Global Group Inc. (PSE: AGI), Aboitiz Equity Ventures Inc. (PSE: AEV), and Ayala Land Inc. (PSE: ALI).