PH share prices drop | Inquirer Business

PH share prices drop

/ 04:36 AM March 13, 2013

Most local stocks dropped for a second session Tuesday as investors continued to lock in gains from the recent rally.

The main-share Philippine Stock Exchange index shed 27.53 points, or 0.4 percent, to close at 6,786.42, tracking a similar correction seen by most markets in the region.

Most counters were in the red, but the steepest decline was incurred by

Article continues after this advertisement

mining/oil (-1.7 percent).

FEATURED STORIES

Value turnover was heavy at P18.24 billion. There were twice as many decliners for every single gainer.

Bloomberry (-4.1 percent) succumbed to profit-taking after a steep rise ahead of its March 11 entry into the PSEi. JG Summit (-3.88 percent), Belle (-3.28 percent), Belle (-3.28 percent), Megaworld (-2.56 percent) and First Gen (-2.48 percent) also contributed to the decline.

Article continues after this advertisement

PLDT, Ayala, ALI, MPI, BDO, SM Prime and URC also fell on Tuesday.

On the other hand, the day’s decline was tempered by gains eked out by SMIC, AGI, Metrobank, Petron and AP.—Doris C. Dumlao

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

TAGS: Markets and Exchanges, Philippines, shares, Stock Activity, stocks

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our newsletter!

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

© Copyright 1997-2024 INQUIRER.net | All Rights Reserved

This is an information message

We use cookies to enhance your experience. By continuing, you agree to our use of cookies. Learn more here.