PH Stocks Slip on Profit Taking

PHStocks 24/10/201325/10/2013 0 Comments AAA, AGI, ALI, Alliance Global, Asia Amalgamated, Asian Terminals, ATI, ATR Kim Eng, Ayala, Ayala Land, BCB, BDO Leasing, Benguet, BLFI, DFNN, Emperador, EMPZ, EURO, Euro-med, F & J Prince, FJP, GT Capital, GTCAP, LIB, Liberty Telecoms, LOTO, LT Group, LTG, MAKE, Manila Bulletin, Maybank, MED, Medco, Nextstage, NXT, Omico, OPM, Oriental Petroleum, Pacific Online Systems, PGOLD, PHES, Philippine Estates, Philippine Seven, PLDT, PRIM, Prime Media, Puregold, SEVN, SFI, SM Investments, Swift Foods, TEL, Universal Robina, URC

Manila—(PHStocks)—Philippine stocks falter Thursday, 24 October, as investors locked in their gains after a two-day rally. The Philippine Stock Exchange index (PSEi) slid by 0.77% or 51.34 points to close at 6,583.77.

All counters except the Mining and Oil segment (+0.18) were down, led by the Property sector, which declined by 1.64%. The wider All Shares index lost 0.59%.

Trading was slow, with value turnover reaching only PhP5.8 billion on 1 billion shares traded. Foreign buying was PhP3.35 billion, while foreign selling was PhP3.98 billion. There were 45 gainers today against 100 losers, while 38 stocks were flat.

Today’s most active stocks in terms of value include Philippine Long Distance Telephone Co. (TEL, PhP2,860.00, 0.14%), Ayala Corp. (AC, PhP611.00, -0.89%), Alliance Global Group Inc. (AGI, PhP27.00, 0.19%), LT Group Inc. (LTG, PhP16.50, 0.49%), Ayala Land Inc. (ALI, PhP29.90, -1.64%), Emperador Inc. (PSE: EMP): PhP12.16, 4.29%), Universal Robina Corp. (URC, PhP126.10, -1.48%), SM Investments Corp. (SM, PhP853.00, -1.16%), Puregold Price Club Inc. (PSE: PGOLD): PhP45.85, -0.22%) and GT Capital Holdings Inc. (PSE: GTCAP): PhP867.00, -0.29%.