PH Stocks Slip on Profit Taking

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.

PSE-24-10-13Today’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%.

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