Latest Stories

PSEi closes lower

Philippine stocks snapped a two-day rally on Thursday with the index closing down one percent as negative news abroad triggered profit taking.

The benchmark Philippine Stock Exchange index (PSEi) fell by 0.96 percent, or 70.69 points, to 7,314.38 on Thursday while the broader all

shares index also declined by 1.08 percent to 4,485.42.

Shares tracked declines in the region as well as Wall Street the night before, with all three major indices in the United States ending in the red. China’s manufacturing unexpectedly contracted in May, the first time in seven months, a report showed Thursday.

All subsectors Thursday closed in the red, led by the mining and oil sub-index, which ended lower by  2.19 percent. Financials lost 1.74 percent while industrial companies lost 1.28 percent.

Volume of shares traded hit 2.015 billion, valued at P12.14 billion, data from the Philippine Stock Exchange showed. There were 148 decliners against 33 advancers while 34 companies closed unchanged, the data showed.

Sy-led conglomerate SM Investments Corp. led the list of most actively traded issues, as its share price declined by 0.42 percent to P1,198 per share.

This was followed by snack foods maker Universal Robina Corp., down 3.1 percent to P125 per share, and shopping mall operator SM Prime Holdings, which rose 2.9 percent to P21.30 per share.

Metropolitan Bank and Trust Co. dropped 2.54 percent to P134.5 per share while Ayala Land Inc. declined 1.96 percent to P35 per share.

Other actively traded stocks were Asia United Bank Corp. (-4.61 percent), Philippine Long Distance Telephone Co. (+0.38 percent), LT Group Inc. (-2.67 percent), Alliance Global Group Inc. (-2.57 percent) and Metro Pacific Investments Corp. (-1.79 percent).—Miguel R. Camus

Follow Us

Follow us on Facebook Follow on Twitter Follow on Twitter

Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: Finance , Philippine Stock Exchange (PSEi) , Philippines , Stock Activity , stocks

Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94


  • Russia promises support to ending Ukraine crisis
  • Busted valve delays water interruption
  • Cardinal Tagle decries human ‘commercialization’
  • Religion builds bridges in ethnically split Cyprus
  • Iran general urges Tehran to make new UN pick
  • Sports

  • Vettel hoping for resurgence at Chinese GP
  • MLB pitcher donates $100,000 for Sewol ferry victims
  • Hamilton takes pole at Chinese Grand Prix
  • Duke’s Rodney Hood joining Jabari Parker in NBA draft
  • Phelps entered in 3 events at comeback meet
  • Lifestyle

  • Levine designs womenswear with help from fiancee
  • Gabriel Garcia Marquez, Nobel laureate, dies at 87
  • Ford Mustang turns 50 atop Empire State Building
  • Pro visual artists, lensmen to judge Pagcor’s photo contest
  • ‘Labahita a la bacalao’
  • Entertainment

  • Myx TV premieres Asian American ‘docu-series’
  • A nutty finale for ‘Scandal,’ TV’s craziest show
  • EXO postpones release of mini album ‘Overdose’
  • ‘X-men’ filmmaker slams ‘fabricated’ sex attack claims
  • Singer Chris Brown’s bodyguard on trial in DC
  • Business

  • Fiat-Chrysler to produce iconic Jeep in China from 2015
  • US commerce secretary spells out economic facet of ‘pivot to Asia’
  • Italy sells luxury state cars on eBay
  • Asian shares mostly up in quiet trade
  • Dollar up in Asia on US jobs data, Ukraine deal
  • Technology

  • Nasa’s moon-orbiting robot crashes down
  • Netizens pay respects to Gabriel Garcia Marquez
  • Nokia recalls 30,000 chargers for Lumia 2520 tablet
  • Facebook rolls out ‘nearby friends’ feature
  • Netizens seethe over Aquino’s ‘sacrifice’ message
  • Opinion

  • Editorial cartoon, April 17, 2014
  • A humbler Church
  • Deepest darkness
  • ‘Agnihotra’ for Earth’s health
  • It’s the Holy Week, time to think of others
  • Global Nation

  • DOH to continue tracking co-passengers of OFW infected with MERS virus
  • 5 Filipinos with MERS in UAE reported in stable condition
  • PH boosts MERS monitoring after UAE nurse scare
  • Canadians back PH plea to take back waste
  • We treasure our Sierra Madre
  • Marketplace