PSEi slips anew amid further profit-taking

The Philippine Stock Exchange index (PSEi) ended the trading in the red as investors took some profits anew after a few days of market rally.

The benchmark PSEi fell by 1.39 percent or 86.98 points to close at 6,154.99 while the broader All-Shares index slipped by 0.63 percent, or 23.41 points, to settle at 3,663.64.

Luis Gerardo Limlingan, head of sales at stock brokerage house Regina Capital Development, said investors sold off their positions as they continued to digest the latest inflation report.

All the sub sectors were in the red except for the mining and oil index, which rose by 0.26 percent.

About 449.92 million shares valued at P6.06 billion were traded. Losers led winners, 115-75, while 50 issues were unchanged.

The most actively traded shares were that of Bank of the Philippine Islands, climbing by 3.39 percent to P131.30 each.

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This was followed by BDO Unibank Inc., down 3.75 percent to P138.70; International Container Terminal Services Inc., down 3.24 percent to P358.20; Ayala Land Inc., down 1.38 percent to P25; Manila Water Co., up 6.2 percent to P30.85; and DigiPlus Interactive Corp., up 3.13 percent to P33.

Other active names were Globe Telecom Inc., down 0.52 percent to P2,288; Aboitiz Power Corp., up 4.09 percent to P44.50; SM Investments Corp., down 2.72 percent to P803.50; and China Banking Corp., down 2.35 percent to P87.30.