APEC 2015 APEC 2015 APEC 2015

Local stock index closes lower after 3 days of highs

By: Doris C. Dumlao, February 6th, 2013 05:34 PM

pse.com.ph photo

MANILA, Philippines—Local stocks took a breather on Wednesday after a three-day winning streak that propelled the main index to record highs.

The Philippine Stock Exchange index shed 39.14 points or 0.6 percent to close at 6,431.35.

Elsewhere across the region, markets were mostly higher due to an improved global economic outlook.  At the local market, sentiment remained buoyant but profit-taking was more tempting for some.

By counter, the services (-1.08 percent) and property (-2 percent) counters weighed down the main index the most.

Investors sold shares of SM Prime, AGI, ALI, PLDT, SMIC, AC, BPI, Megaworld, FGEN and MPI.  There was profit-taking also on D&L, Bloomberry and Puregold.

On the other hand, BDO, EDC, Metrobank, Petron, URC and SMC bucked the day’s downturn.  GT Capital also posted gains in heavy volume.

Disclaimer: Comments do not represent the views of INQUIRER.net. We reserve the right to exclude comments which are inconsistent with our editorial standards. FULL DISCLAIMER

For feedback, complaints, or inquiries, contact us.