Stocks continue to weaken

STOCKS sank anew Tuesday as investors maintained their caution ahead of the release of the country’s first-quarter growth results this week.

The benchmark Philippine Stock Exchange index (PSEi) was down 0.43 percent, or 33.03 points, to 7,728.50 at Tuesday’s close. The broader all-shares index also shed 0.68 percent, or 30.43 points, to 4,436.39 points.

All subsectors also declined Tuesday, led by mining and oil, which slumped 1.23 percent, and services, down 0.76 percent.

Trading volume was at 1.13 billion shares valued at P9.14 billion. A total of 161 companies declined with 31 companies ending in the red while another 37 closed unchanged.

GT Capital Holdings led the list of most actively traded stocks as it gained 0.07 percent to P1,427 a share. Miguel R. Camus